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.
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