- Earlier reports said Beijing had halted sales of the iPhone 6 and iPhone 6 Plus in that city over patent infringement issues, but CNBC reports Apple (NASDAQ:AAPL) as having immediately appealed that ruling and that all company products are still for sale throughout the country.
- In other news, RBC Capital cuts its price target on Apple to $115 from $120, with analyst Amit Daryanani noting longer replacement cycles, increased conservatism about the iPhone 7, and an unfavorable mix shift towards the lower-priced SE. The stock remains rated Outperform.
- Shares are lower by 1.6% in early Friday action.