Apple ( AAPL ) down on FBR 11/03/08 - FBR iphone comments

Apple ( AAPL ) stock is down 11/03/08 as Friedman Billings Ramsey FBR is giving a horrible iphone forecast for the 4th quarter.

"Our most recent checks suggest to us Apple's iPhone production forecast is now under pressure. While our previous checks indicated that iPhone production would fall about 10% sequentially in calendar 4Q, our new checks indicate that iPhone production could fall more than 40% sequentially in 4Q."

"We believe a similar amount of production was removed from the calendar 1Q build forecast, though there is still plenty of time to modify that forecast should further revisions be necessary"

Apple AAPL has strong support at the $100 area so watch that closely!
http://www.blackberrystocks.com/aapl.html

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