25 Jan 2013, 12:12 AM
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Hall of Famer
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Join Date: Mar 2007
Location: The Barren Wasteland
Posts: 1,218
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Quote:
Apple Inc's (NSQ:AAPL) shares slumped 12 percent on Thursday, slicing more than $50 billion from its market value, as weaker-than-expected holiday iPhone sales reinforced fears that it is losing its dominance in smartphones.
Eighteen brokerages, including Barclays Capital, Mizuho Securities USA, Credit Suisse, Raymond James, Robert W. Baird & Co and Canaccord Genuity, cut their price targets on the stock by an average $132 to $612.
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Story here.
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