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Brokerage firm maintains “hold” on Apple

Credit Suisse First Boston overnight maintained its “hold” rating on Apple stock but is no longer recommending selling shares at $25, according to CBS Marketwatch The brokerage firm also warned that Apple “might miss the quarter due to higher component costs and below-plan new iMac volumes but management will stress the issues as temporary and will focus on large iMac backlogs and improved Quanta production levels.” CSFB added that component costs appear to have stabilized and that demand for the new iMac has not been affected by the recent price increase.

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