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Apple Says The iPad Mini’s Gross Margin Is “Significantly” Lower Than Its Other Products

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http://techcrunch.com – The iPad mini’s gross margin is “significantly below” the rest of Apple’s product line at $329, Apple CFO Peter Oppenheimer said on the company’s conference call today. He said that’s driving lower guidance for the upcoming quarter despite a number of new products just-launched across its lineup of offerings. “We’re unwilling to cut corners in delivering the best experiences in the world,” said Apple CEO Tim Cook. He stressed that the company is all about setting the bar high, perhaps implying that that’s what’s making gross mar (IT news)

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Submitted by linuxgeek on 10/26/2012 – Made popular on 10/26/2012

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