Apple is seeing disappointing initial sales of its iPhone XR, according to a Canaccord Genuity survey. The financial-service firm slashed its price target by 10% to $US225 - 25% above Apple's current share price.
Analyst slashes his Apple target after survey finds weak iPhone XR demand (AAPL)
Apple's latest lineup of iPhones, especially the cheaper model XR, is not as popular as the market expected, according to a survey conducted by Canaccord Genuity. The financial-services firm slashed its Apple price target shares by 10% to $225 — 25% above where shares were trading.