Jefferies downgrades Apple on 'excessive' iPhone expectations

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Apple Inc. (NASDAQ: AAPL) Delayed: 291.05 -4.58 (1.55%)
Previous Close $295.63    52 Week High $119.92 
Open $296.03    52 Week Low $89.47 
Day High $297.14    P/E 7.21 
Day Low $290.01    EPS $40.37 
Volume 18,200,118