Wednesday, March 20, 2013

AAPL: A fresh round of Apple (AAPL -0.8%) estimate...

11:12 AM A fresh round of Apple (AAPL -0.8%) estimate cuts have been provided by Canaccord and BlueFin Research. Canaccord's Mike Walkley, who has often sung Apple's praises, has cut his PT to $600 from $650, and says he now expects an iPhone 5S in summer/Q3 vs. prior expectations (shared by others) of a June launch. He considers share loss to Android a possibility given recent high-end phone launches, and has cut his June quarter iPhone sales forecast by 11M to 25M. Walkley's Sep. quarter forecast has been raised by 1.6M to 39.6M to reflect an August 5S launch. Read comments

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AAPL price at time of publication: $451.01. Check AAPL price now »

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