When Apple Inc. (NASDAQ:AAPL) first unveiled the iPhone SE and even in the months leading up to the unveiling when there were rumors about it, it sounded like the company wasn’t expecting much. Wall Street wasn’t expecting much either, but iPhone SE sales have seemingly surprised everyone. This is a doubled-edged sword, however, as sales of the handset boost unit numbers but take a bite out of the company’s margins.
But it looks like the iPhone SE isn’t the only thing affecting Apple’s margins, however, according to one analyst.
Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More