Apple Had Gross Margin of 37.5% With $153 Per Share in Cash and Investments

Apple ’s gross margin was 37.5% in the March quarter vs. guidance of 37.5% to 38.5%.  The Street was expecting gross margin of 38.5%.

Gross margin guidance for the June quarter is 36.0% to 37.0%

Apple had $144.7 billion in cash and investments at the end of March or $153 per share.  When you adjust for about 70% of the cash being overseas and the company  paying the taxes to bring it to the U.S. Apple would have $116 in cash.  This is 29% of a $400 stock price.

Disclosure: My family and I own Apple shares

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