Updated from 9:50 a.m. EST to provide analyst comments regarding second quarter results in the tenth paragraph.NEW YORK ( TheStreet) -- Some days, the thought of a cheaper iPhone is good for Apple (AAPL - Get Report). Others, like today, it's not so good.
Apple's Price Target Is Cut on Cheap iPhone Worries (Update 1)
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.