SSR sees signs that Apple’s business model is ‘beginning to come apart’

Apple scored a small but much-needed victory on Tuesday when it posted fiscal third-quarter results that beat analysts’ consensus, sending the stock soaring as much as 5% during Tuesday’s after-hours session. Net profit and revenue both beat the Street’s consensus and Apple’s June-quarter iPhone sales crushed estimates. But not everyone is celebrating. In a research note published on Wednesday ...

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