Jefferies is taking reports of iPad order cuts (I, II) in stride,...

|By:, SA News Editor

Jefferies is taking reports of iPad order cuts (I, II) in stride, believing factors such as a Brazilian manufacturing shift and a January iPad 3 launch have played a role, and any cuts are offset by iPhone strength. Jefferies also sees Apple (AAPL) offering a low-cost iPhone that resembles the iPhone 3GS, and expects a China Telecom (CHA) iPhone launch in Q1 2012.