Analyst thinks Apple’s financials may disappoint

Apple will announce its latest financial earnings today. And Piper Jaffray analyst Gene Munster thinks the results may disappoint investors.

Why? “Silicon Alley Insider (http://www.businessinsider.com/apple-earnings-2010-10?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Falleyinsider%2Fsilicon_alley_insider+%28Silicon+Alley+Insider%29) says the analyst told clients that the iPad has a lower profit margin than investors think. Also, supply-constraints have prevented Apple from selling as many iPads as it could have.

“Don’t expect typical EPS upside due to iPad,” Munster says. “The Street is looking for EPS of $4.05. Assuming a typical beat over the past 17 quarters, Apple would report $4.80.”