The Japanese earthquake and tsunami will probably weigh on Apple Inc. (AAPL)â€™s forecasts for third-quarter profit, sales and gross margin because of higher component prices and disrupted manufacturing, analysts said.
At least seven analysts expect the disaster to affect the companyâ€™s outlook later today.
Who are these seven analysts? And why were they so wrong?
COO Tim Cook also dispelled assumptions that the Japanese earthquake had anything to do with Appleâ€™s iPad supply trouble, saying on the call that the company â€œdid not have any supply or cost impactâ€ over the last three months. Cook went on to say that Apple will â€œproduce a very large number [of iPads] for the quarter,â€ but heâ€™s still unsure if that will meet consumer demand.
From how Cook worded his response, I think Apple may have a supply or cost impact going forward.