Apple (NASDAQ:AAPL): Downgrading on ODM Sales Weakness and Other Elevated Near-Term Risk – JMP Securities

JMP Securities is downgrading Apple (NASDAQ:AAPL) to Market Perform from Market Outperform while reducing estimates. According to the firm the downgrade comes to reflect risk associated with the notable deceleration in its primary manufacturing partner Hon Hai (Foxconn) that was emerging even prior to the amplified uncertainty created by developments in Japan. Hon Hai sales [...]