Solid iPhone sales and aggressive share repurchases outweighed iPad weakness and a China slowdown in Apple's fiscal third quarter, says Morningstar's Brian Colello.
Apple's gross margins likely will shrink over time, but the market is underestimating the long-term potential of the iPhone, says Morningstar's Brian Colello.
Growth is likely to keep slowing at Apple until the firm releases its next-generation iPhone, but the long-term future of the tech giant remains bright, says Morningstar's Michael Holt.
Easy growth has passed, but near-term risks are more than baked in to this narrow-moat name.
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