Apple Inc. (NASDAQ:AAPL)’s latest earnings report wasn’t as dismal as some were worrying, and the company is back in the good graces of investors—at least for now. Apple Inc. (NASDAQ:AAPL)’s guidance for the next quarter, which was perhaps the biggest concern among analysts, wasn’t too bad, and iPhone shipments beat expectations as well. Analysts are now lining up to release updates to their reports on the stock.

Apple Inc. (AAPL)

Shares of Apple Inc. (NASDAQ:AAPL) rose as much as 6 percent Wednesday morning after the promising results last night.

Stifel updates Apple Inc. (AAPL) numbers

Stifel analysts Aaron C. Rakers, Sanjiv R. Wadhwani, Joseph Quatrochi, Andrew Shinn and William C. Peterson issued a report to investors with their updates on the company. They note that Apple Inc. (NASDAQ:AAPL)’s guidance for the next quarter was for revenue between $34 billion and $37 billion with 36 to 37 percent gross margins. They had been estimating $37.4 billion in revenue and 37 percent margins. Also Apple’s blended average selling price was $581, which was lower than their $600 estimate. iPad shipments missed as well, coming in at 14.6 million, which was far below their 21.1 million estimate.

Taking a closer look at gross margins

The analysts indicated that one of the areas they would be taking a closer look at was Apple Inc. (NASDAQ:AAPL)’s gross margins. The company is expected to file a 10-Q today, and they believe that the company’s gross margin percentage drivers are “becoming increasingly more complex.” They see more product mix, product warranty accruals and negative FX headwinds factoring into the company’s margins now.

Of course speculation continues about when we will see the next models of Apple Inc. (NASDAQ:AAPL)’s iPhone and iPad. On the company’s earnings call on

Apple Inc. (AAPL)’s next products could come before October

Tuesday, management emphasized that it would be this fall sometime, which is a vague time frame that can stretch from September even into December.

Chief Financial Officer Peter Oppenheimer’s comments were particularly interesting because they suggested that we just might see the new models before the end of September. He also said they would “go into more detail in October.”