While Phil Schiller cooled off speculation about a dirt-cheap iPhone arriving, some of Apple's...

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

While Phil Schiller cooled off speculation about a dirt-cheap iPhone arriving, some of Apple's (AAPL +1.2%) biggest sell-side supporters circled the wagons today. Gene Munster, while lowering his PT to $875 from $900, estimates Apple will take 50% of a market for $400+ phones he pegs at 320M units in 2013. Topeka's Brian White notes Tim Cook's remarks about China Mobile (CHL) are similar in tone to ones made about China Telecom before an iPhone deal was reached. Baird's Will Power: "...all of our checks suggest that demand remains very good."