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Jefferies Warns of Apple Slowdown

Jefferies (JEF) cut its price target on Apple (AAPL) to $ 800 from $ 900 on Monday,  citing the likelihood that the Silicon Valley tech giant’s growth slows in fiscal 2014. The analysts, however, maintained their “buy” rating on the Cupertino, Calif.-based iPhone maker and kept their fourth- and first-quarter EPS and revenue estimates unchanged. The brokerage blamed its outlook on Apple’s early 2014 iPhone build plans, which it says indicate a deceleration of growth in an already well-saturated smartphone market. Apple trimmed its current-quarter iPhone build plans to 60 million from an earlier 60 million to 65 million range […]

NEW YORK Analysts at Jefferies and Co. cut their price target on Apple Inc. shares to $ 800 from $ 900 based on their expectation for slowing growth at the iPhone maker. Jefferies maintained its earnings estimates for the company’s calendar fourth and first quarters. The report added that, “We shift our iPhone 5S launch timing from calendar fourth quarter to calendar third quarter, (boosting FY13 EPS) but trim iPad units. In Fiscal year 2014 we see decelerating growth and, barring opex cuts, we think fiscal 2014 could see negative margin leverage, which likely leads to multiple […]

NEW YORK Corporate giants Apple , JPMorgan Chase and Royal Dutch Shell all made it into Barron’s top 10 stock picks for 2013, the financial weekly reported on Sunday. Barnes & Noble , BlackRock Inc , General Dynamics , Marathon Petroleum , Novartis , Viacom and Western Digital also made it onto the list as anticipated strong performers next year. Some of the year’s picks, including Apple, BlackRock, Barnes & Noble and Viacom, already received bullish reviews in Barron’s this year, while others were listed for their perceived undervaluation. (Reporting By […]

A picture taken on October 12, 2011, shows a Samsung phone, right, and an Iphone 4.Apple was awarded $ 1 billion in damages for patent infringement by Samsung in AugustThe case was back in court in San Jose on Thursday, though no new orders were issuedSamsung wants to lower the damages amount or to have a retrialApple wants to raise the amount and ban Samsung from selling infringing products The $ 1 billion patent dispute between Apple and Samsung picked back up in federal court in San Jose on Thursday, with both sides arguing over issues of damages amounts, bans […]

Apple Inc and Samsung Electronics squared off again in court on Thursday, as the iPhone maker prepares to convince a U.S. district judge to ban sales of a number of the Korean company’s devices and defend a $ 1.05 billion jury award. Apple scored a sweeping legal victory in August at the conclusion of its landmark case against its arch-foe, when a U.S. jury found Samsung had copied critical features of the iPhone and iPad and awarded it $ 1.05 billion in damages. U.S. District Judge Lucy Koh is expected to address a range of issues at the hearing, which […]

Is Apple’s iPad Mini really worth it?

FTC Backs Apple in Patent Battle

Google unit Motorola Mobility is not entitled to ask a court to stop the sale of Apple iPhones and iPads that it says infringe on a patent that is essential to wireless technology, the U.S. Federal Trade Commission said on Wednesday. In June, Judge Richard Posner in Chicago threw out cases that Motorola, now owned by Google, and Apple had filed against each other claiming patent infringement. Both companies appealed. In rejecting the Google case, Posner barred the company from seeking to stop iPhone sales because the patent in question was a standard essential patent. This means that Motorola Mobility […]

SAN FRANCISCO Apple Inc.’s shares were down 4.7% to $ 548.79 on Wednesday afternoon, and part of the reason may be stemming from a production report out of Taiwan that may be “misinterpreted,” according to Piper Jaffray analyst Gene Munster. In a note to clients, Munster address a report in Taiwan’s Digitimes trade paper that says Apple may be cutting down parts orders for the iPhone 5 for the March quarter. “We believe this 20% decline is to be expected coming off of a launch quarter and do not believe it is an indication of how units might trend in […]

Shares of Apple Inc tumbled 4% in heavy, midday trading on Wednesday, rounding off a bleak ten weeks for the most valuable company in the United States, with analysts citing a mix of reasons for the drop. The stock was one of the biggest percentage losers on the S&P 500, dropping 4.2% to $ 551.50 as more than 17 million shares changed hands, putting it on track to surpass the company’s average daily volume over 50 days of 21 million shares. The stock’s massive size meant the retreat was responsible for two-thirds of the 1.1% decline in the Nasdaq 100 […]

NEW YORK Shares of Apple Inc tumbled 4 percent in heavy, midday trading on Wednesday, rounding off a bleak ten weeks for the most valuable company in the United States, with analysts citing a mix of reasons for the drop. The stock was one of the biggest percentage losers on the S&P 500, dropping 4.2 percent to $ 551.50 as more than 17 million shares changed hands, putting it on track to surpass the company’s average daily volume over 50 days of 21 million shares. The stock’s massive size meant the retreat was responsible for two-thirds of the 1.1 percent […]

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