Checks point to "steady" FQ3 (June quarter) iPhone 4/4S sales, but "mixed" iPhone 5 sales, says...

|By:, SA News Editor
Checks point to "steady" FQ3 (June quarter) iPhone 4/4S sales, but "mixed" iPhone 5 sales, says Oppenheimer's Ittai Kidron, who's cutting his FQ3 and FQ4 estimates for Apple (AAPL -0.3%) while reiterating an Outperform due to optimism about 2H iPhone/iPad refreshes. Kidron now expects 26M FQ3 iPhone sales, less than some others on the Street. His note comes a day after Jefferies' Peter Misek reported of iPhone order cuts and high U.K. channel inventories.