Apple (AAPL) Weaker on Negative Research Report

Apple Inc. (Nasdaq: AAPL) is weak this morning and according to some this could be related to a negative research note at Wedge Partners.

According to tweets from Notable Calls, the analyst said:

• "Taking the Sidelines Until March Qtr Report on Possible iPad Slide"
  
• "We're concerned iPad sales may not be as strng as expectations, and we believe March cld disappoint."
  
• "Full year production iPad expectations/forecasts may be pulled down as a result."
  
• "Looking at overall demand picture, there doesn't appear to be much of a frenzy for the new iPad."
  
• "The stock may be priced for perfection at current levels, but we feel we are seeing some scratches on the glass"

Shares of Apple are down $4, or less than 1%.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In