User:ErnestinePerdria

As we alluded to when highlighting this as a deep value play, we see this margin pressure as baked into the stock. However, the initial iPhone Cases reaction of "sell the news" could have been due to what we saw in the margins figures.In the present quarter, gross margins fell to 28.97% in the quarter. This was slightly better than management's own guide, but still down from 29.86% last year.

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