3 Tech Titans Making Noise: Firm Lowers Apple iPhone Estimates, Microsoft Teams With Telefonica, and Amazon Strengthens PBS Offerings

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Apple (NASDAQ:AAPL): Oppenheimer analyst Ittai Kidron has joined the ranks of those cutting their estimates for Apple’s iPhone sales, after the firm’s checks revealed “steady” iPhone 4 and 4S sales and ”mixed” iPhone 5 sales. Kidron says that despite the cuts to its estimates, he maintains an Outperform rating on the shares due to optimism about iPhone and iPad refreshes in the second half of the year.

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