Apple has 25 percent chance of missing outlook: analyst

(Reuters) - Apple Inc has a 25 percent chance of missing its quarterly revenue forecast as iPhone sales slow and Samsung launches its highly anticipated Galaxy S4 smartphone, Jefferies analyst Peter Misek said. Misek, who has previously raised red flags when Apple cut orders to suppliers, cut his iPhone sales estimate for the quarter ending March to 35 million from 37.5 million. He cut his target price on Apple's stock to $420 from $500. Misek, who has drawn comparisons between Apple and fading handset makers such as BlackBerry and Motorola, had a price target of $900 on Apple shares in ...

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