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Apple Inc. (NASDAQ:AAPL): The company’s price target has been reduced by Canaccord to $600 from $650 as a way to reflect an iPhone 5S refresh this summer or during Q3 compared to the previous expectations for a launch in June. The firm is convinced that Apple might lose smartphone share during 1H 2013 as a result of recently launched high-end Android smartphones and reduced its Q3 estimates. The firm is convinced that earnings will accelerate during the September quarter, and it keeps its Buy rating on the stock.
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