Column: Is the Apple and Samsung ‘slump’ good for competitors?

MINYANVILLE

MINYANVILLE (Credit: MINYANVILLE)

For the first time in two months, Apple’s stock price dipped below the $400 mark this week, following some worrying sentiments about iPhone 5 from tech analysts.  

Oppenheimer’s Ittai Kidron lowered his quarterly earnings estimates for Apple to $35 billion in revenue from $36 billion, saying that “our checks [are] already showing signs of delayed iPhone 5 purchases.”

Jefferies also lowered its price target on Apple to $405 from $420, noting that “our checks indicate broad-based iPhone build plan cuts,” which meshes with the findings of Oppenheimer.

Full story at Minyanville.

Tags: business , apple , samsung , tech , wong

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