UBS is newest firm saying they are cutting the earnings from Apple. Analyst Steve Milunovich says after looking at a few surveys, he beleives Apple’s market share will continue to slide because smartphone users are now going after cheaper smartphones, but at the same these same analyst say Apple’s new cheaper iPhone should get them back in the market. “Milunovich now sees Apple’s earnings coming in at $44.68 per share in fiscal 2013, down from $47, and $52.80 per share in fiscal 2014, down from his earlier estimate of $55.85. UBS cut its price target on Apple shares to $650 from $700 as a result” Apple has it’s stan consumers, I personally think the iPhone owners who left for another company will eventually go back to Apple in the long run, I don’t see Apple becoming another RIM
