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Apple s earnings power is once again being overlooked by investors, positioning the stock for 28% upside, BofA says

In 2018, Wall Street estimated Apple would see profit margins of about 39% in 2023. Margins were in fact considerably higher at 44%.

United statesWamsi mohanPart of the servicesWall street

Apple s earnings power is once again being overlooked by investors, positioning the stock for 28% upside, BofA says

In 2018, Wall Street estimated Apple would see profit margins of about 39% in 2023. Margins were in fact considerably higher at 44%.

United statesWamsi mohanPart of the servicesWall street

Investors are getting it wrong about Apple — again, Bank of America says

Investors are underestimating this key Apple metric, Bank of America says

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Investors have historically underestimated Apple s gross margins

“Investors have historically underestimated Apple’s gross margins and it appears that it is happening again,” BofA Securities analyst…

Wamsi mohanApple incWall streetBofa securitiesDailynews noteMacdailynews click

Apple Eyes Higher Profitability, Premium Mix and In-House Technologies Drive Margin Boost: Analyst - Apple (NASDAQ:AAPL), Vanguard Information Tech ETF (ARCA:VGT)

The BofA analyst reiterated a Buy rating for Apple Inc (AAPL) with a price target of $225. He believes the company's gross margins will continue to improve due to its product and service mix.

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