Slower September forecast for Apple
Apple Inc. may not release the next model of its iPhone until late September or October, which would lead to slower September sales, Oppenheimer & Co. analyst Ittai Kidron said as he cut his price target on the company.
Kidron, who maintained his “outperform” rating on Apple, reduced his 12-to-18-month target on the stock to $420 from $450 and his expectations for iPhone sales in the quarter ending in September to 19 million units from 20.5 million units.
Kidron also wrote that a less expensive “mini-iPhone” is critical to Apple expanding its smart-phone market share.
Nokia devices for disparate users
Nokia introduced devices for consumers at both ends of its range Tuesday as it fends off rising competition from both cheap unbranded handsets and smart phones powered by Google Inc.’s Android… Read More [via sfgate]