Apple Margins Facing Pressure>AAPL

Apr 22nd, 2009 - Wall Street Journal

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SAN FRANCISCO (Dow Jones)--Maybe it's time to start believing Apple Inc.'s (AAPL) conservative earnings guidance.

The Cupertino, Calif.-based consumer electronics giant customarily offers investors modest earnings forecasts and then regularly beats the target. Lately, it's defied the recession, selling slick laptops and smartphones at a premium to its rivals' products and continually expanding its margins.

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