Morgan Stanley: iPod, iPhone Demand Falling
Morgan Stanley just cut its price target on Apple shares due to what the company cites as weaker demand for its iPod and iPhone, according to Reuters.
“The brokerage conducted a survey of 2500 U.S. consumers in late November and said despite significant price cuts, only 5 percent of respondents indicated ‘extreme’ interest in purchasing an iPhone, down from 7 percent in its February 2007 survey.”
Part of this isn’t news, since it’s been clear for a while that iPod
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