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"That said, our expectations for a robust AI cycle in the medium-term remain unchanged, and the revision in our near-term estimates only represents a modest push out from volumes to later in the cycle." — Analyst Samik Chatterjee

Read More J.P. Morgan lowers Apple estimates, pushes $265 target to 2025

"While the supply chain constraints on IP15 pro models extended lead times last year, it nevertheless points to potentially weaker-than-expected demand, especially across US and China." — Analyst Tim Long

Read More Here's what torpedoed Apple Tuesday morning

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