Apple (AAPL -0.2%) underperforms after Pac Crest's Andy Hargreaves cautions the company could...

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

Apple (AAPL -0.2%) underperforms after Pac Crest's Andy Hargreaves cautions the company could deliver an FQ3 miss on Tuesday due to slowing iPhone sales, and that FQ4 estimates appear too high. Like most analysts voicing such concerns, Hargreaves still expects a huge December quarter thanks to the next iPhone's launch. Multiple analysts defended Apple yesterday.