Laureate Trust Cautious on Apple (AAPL) Price Target US$400

Beverly Hills, CA -- (SBWIRE) -- 02/19/2014 -- Laureate BVI has cut the price target of Apple (AAPL) to $400 as it reported disappointing sales of the iPhone 5S and issued a forecast for the year that warned investors of the possibility of the first YoY revenue decline in over a decade.