China iPhone Sales Get Mixed Analyst Reception; Apple (AAPL) is Back Above $500
Apple, Inc. (NASDAQ: AAPL) shares are back in positive territory early Monday morning following a downgrade by Citi earlier, cutting shares from Buy to Neutral.
Sentiment behind record iPhone sales in China, though analysts have been mixed on the news, some siding with Citi and some not. Apple said it sold 2 million iPhone 5s in China during its first weekend of sales, the best launch for that device in China ever.
Apple slipped below $500 early, the lowest the stock has been since last February.
Sentiment behind record iPhone sales in China, though analysts have been mixed on the news, some siding with Citi and some not. Apple said it sold 2 million iPhone 5s in China during its first weekend of sales, the best launch for that device in China ever.
Apple slipped below $500 early, the lowest the stock has been since last February.