Items tagged with Wedbush Partners

One look at Apple's financial results is all you need to be convinced the Cupertino company essentially has a license to print money. Be that as it may, Apple isn't immune to market trends or fierce competition, the latter of which it's currently facing from rival Samsung. As a result, Apple may have reduced its iPhone orders by 20 percent. That figure comes from Brian Blair, an analyst at Wedge Partners, who said in a note that Apple's slashing orders of all iPhone models in the second half of the year in response to a continued slowdown in growth, The Telegraph reports. Apple is now on pace to produce 90 million to 100 million iPhones in the second half of the year. That's a staggering number... Read more...