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Click here to cancel or change your subscription. Select Category All Tips by Zoe. The iPhone supplier KGI Securities’ downgrade for Apple shares reflects a view that the company’s integration of the iPod touch was not as smooth as expected. Overall, Apple’s quarterly results were broadly in line with the firm’s expectations. On a conference call with analysts, CFO Luca Maestri said that Apple had done better than expected in the March quarter, mainly thanks to the higher-than-expected iPad sales.

The iPhone supplier KGI Securities’ downgrade for Apple shares reflects a view that the company’s integration of the iPod touch was not as smooth as expected. Overall, Apple’s quarterly results were broadly in line with the firm’s expectations. On a conference call with analysts, CFO Luca Maestri said that Apple had done better than expected in the March quarter, mainly thanks to the higher-than-expected iPad sales.

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