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Apple’s Price Trails Analysts’ Target by Most This Year

Shares are down about 7 percent since the company unveiled its latest gadgets earlier this month

Apple Inc.’s stock price is trailing analysts’ 12-month target price by the biggest margin since December 2016. That follows reports of iPhone 8 demand beingweaker than in previous years when new devices were launched. Apple is for the first time staggering the release of its latest handsets with the iPhone X debuting in November. The company’s shares are down about seven percent since unveiling its latest gadgets on Sept. 12.

— With assistance by Gilbert Xu

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