$AAPL - UBS: IPHONE SALES LIKELY DOWN 18% IN JUNE
UBS estimates Apple’s iPhone sell-through fell 18% year over year in June as demand slowed. However, it expects June quarter shipments around 45M, up 3.4% from last year and above its prior forecast. A weaker dollar should slightly boost revenue. UBS rates Apple Neutral with a $210 target.
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