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MAR 20, 2013 - MarketWatch

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Apple slips; Canaccord cuts price target to $600

SAN FRANCISCO (MarketWatch) -- Apple Inc. saw its price target cut to $600 from $650 at Canaccord Genuity, with the broker citing lower sales estimates for the iPhone. In a note to clients, analyst Mike Walkley said he believes Apple will launch its next iPhone model, the 5S, during the third calendar quarter of this year, compared to his previous belief of a June launch. He also cited "a host of impressive recently launched high-end Android smartphones" that could cause Apple to lose market share in the first half of this year. "Longer term, we maintain our belief Apple has a strong ... Read More

Tags: Apple slips; Canaccord cuts price target to $600,  Sales Latest News