Possibly contributing to today's weakness in Apple (AAPL -2.5%) is another cautious note from...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Possibly contributing to today's weakness in Apple (AAPL -2.5%) is another cautious note from Wedge Partners' Brian Blair (previous), who argues FQ2 iPad expectations are too high. Blair believes just 11M iPads were sold in FQ2, well below a consensus of 13M. He also worries iPhone sales (the majority of Apple's gross profit) could disappoint if estimates rise further.