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Hardware vs Software - A margins comparison of Apple, Google, MSFT and Samsung

Hardware vs Software - A margins comparison of Apple, Google, MSFT and Samsung

Added almost 3 years ago | As appeared first on asymco.com | Author: asymcoadmin
Prior to Apple's earnings report I read at least one article suggesting that the most important indicator to watch was Apple's margin. I suppose this was due to a recent decline in margins from a peak gross margin of 47.4% in Q1 2012 to 36.7%. As the graph below shows, margins began to recover by Q3 2013 and are nearly on par with year-ago levels. The guidance for the present quarter is a gross margin between 37% and 38%. This would imply a flat q/q GM line (blue line above.) This is not quit...
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