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According to the analyst, even the introduction of other new products, such as a new iPad or a television set, or even the addition of a major new carrier, such as China Mobile (NYSE:CHL) may not be enough to bridge the gap in consensus’s estimates.
Sacconaghi was also worried about Apple’s announcement that it was changing its way of forecasting earnings. “Perhaps Apple’s approach to its new guidance should have included estimates for the full fiscal year — because to us, the specter of further downward revisions could continue to spook investors in the near term,” he said.
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