Analysts: Apple iPhone Sell-Through is Down and 3 More Research Notes to Read

Apple (NASDAQ:AAPL): Checks conducted by Jefferies indicate that iPhone sell-through is trending downward in the June quarter to around 30 million units, versus 35 million units in the March quarter. The firm also believes that iPad mini sales are cannibalizing more than expected, and subsequently keeps a Hold rating on Apple shares with a $420 price target.

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