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Deutsche Bank: Apple consensus estimates still too high for Q1, Q2

Published 01/30/2018, 12:47 PM
© Reuters.  Deutsche Bank: Apple consensus estimates still too high for Q1, Q2
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  • Deutsche Bank (DE:DBKGn) says expectations for the Apple (NASDAQ:AAPL) iPhone are still too high for CY18 Q1 and Q2.
  • Firm isn’t surprised by reports of weaker-than-expected demand for the three newer iPhone models since the firm has held that opinion since last February.
  • Deutsche Bank expects roughly in-line results for the December quarter reporting on Feb. 1 but thinks consensus numbers for the March and June quarters are too high.
  • Deutsche Bank rates Apple at Hold with a $152 price target, a 9.5% downside to yesterday’s closing price.
  • Source: Briefing.com.
  • Apple shares are down 1.2% to $166.01.
  • Previously: Apple delaying some iOS updates; WSJ reports on iPhone X production cuts (Jan. 30)
  • Now read: How To Not Upset The Apple Cart


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