Wall St. bets on Apple bounceback despite iPhone shipment worries

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Piper's Munster Lowers Apple (AAPL) Estimates; Remains Top Pick

January 12, 2016 6:46 AM EST

Piper Jaffray analyst Gene Munster lowered estimates on Apple (NASDAQ: AAPL) but said the stock remains its top pick for 2016.

The firm is lowering Mar-16 iPhone estimates to 55M from 62.5M and June from 48.5M to 45M due to the collection of negative data points from Apple... More