ah, you edited your post since i was about to reply (and HN crapped out on me). here was my original response:
Finance-related articles: I read several. Margins are depressed[1]. iPad sales were lower than expected[2]. Revenue was above expectations, but profits were below [3].
Yeah... I thought the bit about "read some articles" sounded snide :)
I guess I also agree it's up to debate, but I don't see how the results Apple posted are a cause for deflation, margins or no. 20 billion in revenue, nearly a quarter million devices a day, and Verizon yet to come.
Everything looks rosy for Apple, with only the Android dark horse to worry about (which has been worried about for some time).