UPDATE: Credit Suisse Downgraded Apple Following iPhone 5S/5C Announcement

In a report published Thursday, Credit Suisse analyst Kulbinder Garcha downgraded the rating on Apple (NASDAQ: AAPL ) from Outperform to Neutral, but reiterated the $525.00 price target. In the report, Credit Suisse noted, “As expected, Apple yesterday announced the iPhone 5s and iPhone 5c which both feature the newly