=http://bgr.com/2013/09/13/iphone-5s-q4-sales-estimate-misek
Rumors have been tossed around for months suggesting that Apples manufacturing partners were having yield issues with the fingerprint scanner embedded in Apples new iPhone 5s. Now, well-respected Jefferies & Co. analyst Peter Misek has mirrored earlier reports and suggested that production woes are still a big problem.
In a note to investors on Friday morning, Misek slashed his price target on Apple shares to $425 from $450, maintaining his Hold rating. Misek reports that yields of the fingerprint scanner for Apples iPhone 5s are terrible and he believes Apples partners will only build between 5 million and 10 million 5s units this quarter as a result. The analyst believes 20 million iPhone 5c handsets will be built over the course of Q3, as well as between 5 million and 8 million iPhone 4S models.
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Rumors have been tossed around for months suggesting that Apples manufacturing partners were having yield issues with the fingerprint scanner embedded in Apples new iPhone 5s. Now, well-respected Jefferies & Co. analyst Peter Misek has mirrored earlier reports and suggested that production woes are still a big problem.
In a note to investors on Friday morning, Misek slashed his price target on Apple shares to $425 from $450, maintaining his Hold rating. Misek reports that yields of the fingerprint scanner for Apples iPhone 5s are terrible and he believes Apples partners will only build between 5 million and 10 million 5s units this quarter as a result. The analyst believes 20 million iPhone 5c handsets will be built over the course of Q3, as well as between 5 million and 8 million iPhone 4S models.
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