Apple outlook lowered on fear it cannot ‘innovate’ and ‘disrupt’ at pace set by Steve Jobs

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

Full Story Via Gadgets News Headlines – Yahoo! News

Comments are closed.