JP Morgan says that profitability on the new iMacs may have "come close to evaporating in the current quarter." The firm cut Q2 revenue and EPS (earnings per share) estimates to $1.35 billion and $0.06 from $1.45 billion and $0.11 and Q3 numbers from $1.49 billion/$0.12 from $1.56 billion/$0.16. It maintained its "Market Perform" rating and its $25 price target.
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