Apple: Cowen Shifts Estimates on ‘iPhone 5S,’ Sees Europe Price Cuts
Cowen & Co.’s Matthew Hoffman today reiterates an Outperform rating on shares of Apple (AAPL), while cutting his fiscal 2013 estimates, but raising his fiscal 2014 estimates, on changing time frame for what he speculates will be an “iPhone 5S” later this year. The purported 5S would be equipped with support for China‘s home-grown “TD-SCDMA” [...]
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