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Manhattan Venture Partners Chief Economist: Apple is Still Minting Money

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1AF COVER

After Apple's Financial Conference Call concluded today, shares of AAPL stock fell by roughly 6.75% as noted in the chart below. One of the voices of reason on Wall Street was that of Max Wolf, Chief Economist, Manhattan Venture Partners. According to Wolff, Apple is always a buy the rumor sell the fact company that tends to trade off a little bit like they did today after they report. However the news is very good. 39.7% margin is just phenomenal. They didn't just hold, they beat on the margin which is a big number here. They shipped a few less phones than everyone thought but still 35% year-over-year growth is phenomenal with a huge revenue number closing in 50 billion dollars on a quarterly basis. At the end of the day, Wolf says that Apple is still minting money. You could catch the Reuters video interview here.

 

2.1 AAPL CHART 4PM JULY 21, 2015

 

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