Philip Elmer-DeWitt / Apple 3.0 – Philip Elmer-DeWitt
Piper Jaffray cuts Apple price target, despite solid U.S. demand – Looks like a healthy iPhone upgrade cycle. Why the sour face? Any bad international news, says analyst Michael Olson, has been baked into the stock. From a note to clients that landed on my desktop Thursday: Despite component supplier data points suggesting iPhone weakness, our survey of 550 domestic iPhone …
