Apple Downgraded As iPhone Subsidy Model In Doubt

Posted: 04/ 9/2012 4:40 pm

Financial Post:

Yes, Apple Inc. has been downgraded and the growing resistance to handset subsidies by wireless operators is to blame. Walter Piecyk, an analyst at BTIG in New York, cut his rating on Apple to neutral from buy, despite expecting the company will produce another strong quarter with US$40-billion in revenue and US$10.75 in earnings per share.

Read the whole story at Financial Post

FOLLOW CANADA BUSINESS

Filed by Daniel Tencer  |