Spurs Oppenheimer to Scale Back Apple Target
Slower sales in September could be the result if Apple Inc. holds out on the release of the next model of its iPhone until the end of that month or the beginning of the next. Oppenheimer & Co. analyst Ittai Kidron made the statement above and cut his price target on the company. The stock value of Apple is subject to many factors involving human emotion and fan base enthusiasm, but even a company well immersed in the fandom of its primary users faces the ultimate bottom line when it comes to sales.
