Analysts slash Apple stock forecasts following surprise iPhone miss

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More than a dozen Wall Street analysts cut their price targets on Apple Inc. shares late Wednesday, with Goldman Sachs putting out a particularly bleak note comparing the company’s declining iPhone sales with the collapse of Nokia more than a decade ago. Apple, which is expanding rapidly in Austin, opened Thursday at $144 per share, 8.8 percent lower than Wednesday’s close. That’s a new, 52-week low, and 38 percent lower than the company’s all-time high, set in early October. You can track...

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