The Halo is Not Cracked: Jefferies' Misek Talks Apple (AAPL) Q1 EPS, Component Cuts, and 'Cheap' iPhone

Notable ETF Movers of the Day 01/15: (XRT) (GLD) Higher; (XLK) Lower

January 15, 2013 1:15 PM EST

Gainers:

SPDR S&P Retail ETF (NYSE: XRT) gained 1.9 percent to 64.4. While strength was seen across the board, specialty retailer Genesco Inc. (NYSE: GCO) was a clear leader today, gaining 8 percent. This morning Genesco... More

Nomura Slashes Apple (AAPL) Price Target to $530, Sees Downside Risk of $400

January 15, 2013 7:49 AM EST

Nomura Securities slashed its price target on Apple (NASDAQ: AAPL) Tuesday from $660 to $530, while reiterating a Neutral rating.

Analyst Stuart Jeffrey notes iPhone pressures highlight margin fears, and sees potential downside to $400 on gross margin declines.

"To reflect signs of... More

Apple (AAPL) May Skip Over Expensive Metal for Low-Cost iPhone

January 15, 2013 7:31 AM EST

Recently, Apple (Nasdaq: AAPL) shares have been pressured on expectations of a lower-cost iPhone in the works. Many have complained that it would put a crimp on margins and sacrifice the Company's position in quality.

But, investors shouldn't worry that much.... More

BMO Capital Latest to Call Apple (AAPL) Component News "Old"

January 14, 2013 5:02 PM EST

BMO Capital's Keith Bachman was the latest to weigh in on Apple (NASDAQ: AAPL) following reports of order cuts for iPhone 5 components.

"We believe that this is consistent with news and reports that were circulated in mid-December," the analyst notes. "For... More

Apple (AAPL) Component Cuts Related to Faster iPhone Refresh?

January 14, 2013 1:24 PM EST

Apple (NASDAQ: AAPL) remains under pressure following reports of iPhone 5 component order cuts throughout the supply chain. Despite some of these same concerns being discussed over the past month, Apple investors remain skittish and aren't taking any chances with earnings just nine days away.

Nikkei reported Apple cut its March quarter orders for iPhone 5 LCD screens by 50% from its original plan of 65 million. Apple also cut orders for other iPhone 5 components.... More

Apple (AAPL) May Actually Produce Cheaper iPhone Following Schiller Misquote

January 14, 2013 9:58 AM EST

Apple (Nasdaq: AAPL) will never make a cheap iPhone.

Except, it might very well happen.

Rumors of Apple producing a low-cost iPhone were circulating recently, pressuring shares as investors though Apple would now sacrifice quality for market share. The... More

Attention: Apple (AAPL) Component Cut News is a Month Old

January 14, 2013 8:21 AM EST

While Apple (NASDAQ: AAPL) is under heavy pressure early Monday on reports from the Wall Street Journal of component cuts, investors in the know may realize that this information is a month old.

Jefferies analyst Peter Misek picked up... More

BNP Takes Bearish View on Apple (AAPL) Suppliers with Weaker Demand Expected

January 14, 2013 7:28 AM EST
As reported earlier, Apple (Nasdaq: AAPL) is said to be facing lower demand in the first-quarter of 2013. BNP Paribas is taking the... More

Apple (AAPL) Suppliers on Watch on Component Cuts

January 14, 2013 7:04 AM EST

Apple (Nasdaq: AAPL) suppliers are on watch with shares of the iPhone maker under heavy pressure (-3.5%) early Monday on reports of steep component cuts.
... More

Apple (AAPL) Said to Cut iPhone 5 Panel Orders as Demand Wanes

January 14, 2013 6:20 AM EST

Apple (Nasdaq: AAPL) is trading lower Monday morning amid chatter that demand for its iPhone 5 might be, well, light.

According to Japan's Nikkei news source, Apple has halved orders for iPhone 5 panels as demand is said to have dropped off.

Apple was initially expected to order 65 million panels in the current... More

Wall Street Continues to Speculate About iPhone 5c-heap (AAPL)

January 11, 2013 9:41 AM EST

Yesterday Apple's (NASDAQ: AAPL) marketing chief Phil Schiller told the Shanghai Evening News that the company will not make a low-end smartphone. Despite the popularity of cheap smartphones, "this will never be the future of Apples products", said Schiller. Wall Street is taking the comments with a grain of salt.

Today analyst T. Michael Walkley of Canaccord... More