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Title: Analyst cuts AAPL rating on iPhone subsidy backlash, estimates $1B earnings miss Post by: HCK on April 10, 2012, 03:00:50 am Analyst cuts AAPL rating on iPhone subsidy backlash, estimates $1B earnings miss
BITG Research's Walter Piecyk cut his rating of AAPL stock from "buy" to "neutral" in a note to investors on Monday, saying that telecoms are growing weary of paying high subsidies for the iPhone with returns that don't match Apple's high margins from the handset. http://feeds.appleinsider.com/click.phdo?i=c83008118bfd6b40574d78446b8efb3e |