Its falling margins in the first quarter largely reflect successful efforts by the company to broaden its sales beyond already strong segments such as household goods and clothing.
Like Congress, the Colorado state legislature is considering a package of gun control legislation designed to broaden background checks to include private sales and limit the size of ammunition magazines.
Medium-term, newly introduced content (books, magazines, video) and iPad-optimized apps could broaden the addressable market and strengthen iPad sales momentum later this year.