“At least five top Apple (AAPL) analysts lowered their price targets last weekend based on reports that the company had reduced some parts orders for the iPhone 5 in its Asian supply chain,” Philip Elmer-DeWitt reports for Fortune.
P.E.D. reports, “In a note to clients issued early Tuesday, Topeka’s Brian White took a closer look at those order changes. His conclusion: ‘We believe the doomsday scenarios painted over the past week are inaccurate… We remain comfortable with our iPhone 5 and iPhone 4S forecasts for the December and March quarters, which appear to be conservative. Also, given our research in recent weeks, it is tough for us to ignore the resiliency of iPhone 4S demand as consumers flock to these discounts.”
Read more in the full article here.
MacDailyNews Take: What will the bears invent next to foment AAPL?
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]