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Thursday, Nov 8
2012, 6:06 PM
Qualcomm's device guidance may have been responsible for Apple's (AAPL -3.7%) selloff today,...
Qualcomm's device guidance may have been responsible for Apple's (AAPL -3.7%) selloff today, thinks Tero Kuittinen. Though Qualcomm left the midpoint of its 2012 3G/4G device shipment range unchanged at 905M, it lowered its forecast for developed markets by 15M (page 11 of earnings slides). Apple's unsubsidized pricing leaves it very dependent on developed markets - cheaper Android phones are dominating in cost-sensitive locales. Will Apple slash prices (and thus sacrifice margins) to gain emerging markets share? (earlier: I, II)