Apple (AAPL) is expected to sit atop the consumer electronics industry for quite some time to come, but the company’s stock continues to take a beating as growth inevitably slows and margins are squeezed. The latest ding to Apple shares came as Needam & Co. analyst Charlie Wolf lowered his price target from $ 750 to $ 710, citing a slowdown in iPhone sales growth and a crunch on iPad margins in the coming 12 months. In explaining the logic behind his cut, Wolf writes that “the value of the iPad fell $ 11.83 or 10.8% to $ 98.11 chiefly because of the introduction of the iPad mini, which has a much lower gross margin that the full-sized iPad.” Where smartphones are concerned, Wolf

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