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Wednesday, Sep 28
2011, 8:48 AM
Jefferies is taking reports of iPad order cuts (I, II) in stride,...
Jefferies is taking reports of iPad order cuts (I, II) in stride, believing factors such as a Brazilian manufacturing shift and a January iPad 3 launch have played a role, and any cuts are offset by iPhone strength. Jefferies also sees Apple (AAPL) offering a low-cost iPhone that resembles the iPhone 3GS, and expects a China Telecom (CHA) iPhone launch in Q1 2012.