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Apple Inc. Message Board

  • getintoh20 getintoh20 Apr 2, 2013 7:07 AM Flag

    Jefferies, repeats junk statis for Apple PT $320

    iPhone profits likely peaked in 2012, says Jefferies
    Jefferies said its global analysis of smartphone markets indicated that profits for Apple's (AAPL) iPhone likely peaked in 2012. The firm concluded that most worldwide smartphone growth going forward will come at prices below $200 per phone, suggesting a low-cost iPhone at $350-$450 may not be cheap enough. Jefferies sees risk to its 2014 earnings estimates for Apple, which it points out are already 20% below consensus expectations. The firm has a Hold rating on shares of Apple with a $420 price target

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