Oct 19th, 2009 - AppleInsider
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After announcing spectacular Q4 results, Apple's Chief Financial Officer Peter Oppenheimer explained to analysts that the company is projecting lower growth in future revenues and profit margins due to cheap new products in the company's pipeline.
"Greater value, lower gross margins"
In response to questions from Richard Gardner of CitiGroup asking "why gross margin should be down as much as you have it" in the company's future guidance, Oppenheimer answered, "we expect gross margin to decline about 34% primarily due to four factors.
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