In Apple’s conference call yesterday, CEO Tim Cook disclosed that the company made a bet at the beginning of the quarter that the new iPhone 4s would be a big success and so it placed extra production orders – betting on the upside- and nonetheless found itself short of inventory as sales exceeded the company’s [...]
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Not to make too much of one data point, but one of the good things about ISM data is that unlike tomorrow’s employment report, it is final. Whatever numbers the Labor Department reports tomorrow will be revised and re-revised. Stock traders were mildly encouraged by today’s report from the Institute for Supply Management about [...] |
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