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Apple (AAPL) Q2 Sales May Fall by More than Seasonal Average - Cantor

March 5, 2014 8:09 AM EST

Cantor Fitzgerald maintained a Buy rating on Apple (NASDAQ: AAPL) with a price target of $777.00. Analyst Brian White said in a research note that preliminary February sales for the companies in Cantor's 'Apple Barometer' came in well below historical seasonality.

"Preliminary February sales for the companies (98% of sales) in our Apple Barometer have been reported, and the results thus far are much weaker than typical seasonality. Preliminary sales in February are down by... More