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Apple's stock dips as concerns mount about iPhone shipments

2015-12-16 20:55:41| Apparel - Topix.net

In a note to clients on Wednesday, Bank of America cut its estimate for fiscal 2016 iPhone shipments by 10 million to 220 million, pointing to a weakening among Apple's suppliers. In another note, Raymond James lowered its estimate for 2016 iPhone shipments to 224 million from 229 million, also pointing to lackluster expectations at Apple suppliers.

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