Apple’s stock is down 9.5% from its all-time intraday high of US$705. In a note to clients — as reported by “CNN Money” — Sterne Agee analyst Shaw Wu tells them not too worry.
“With press reports focusing on employee disputes at key partner Hon Hai Foxconn and some minor product complaints including scratches and ‘purple flare’, we have been getting many questions on whether this has impacted iPhone 5 supply and demand,” he says.
Wu expects Apple to report sales of 27 million iPhones in the quarter that ended Sept. 29 and is looking for the company to sell 46.5 million more in the December quarter. You can read more at http://tech.fortune.cnn.com/2012/10/09/apple-analysts-are-trying-to-calm-their-nervous-clients/?section=money_technology&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_technology+%28Technology%29