Apple (AAPL) iPhone Sales Are Slowing

A new report from Canaccord Genuity, a research firm that forms part of Canaccord Financial Inc. (LON:CF), says that the indicators are showing a slowdown in the sales of the Apple Inc. (NASDAQ:AAPL) iPhone. The report became available today and sets a price target of $775 for the tech giant.

The reason for the perceived slowdown is of course the anticipation of an update to the iPhone line in the form of the iPhone 5. The research firm estimates that Apple will sell just 27 million iPhones up to the end of June. That compares with 35 million in the last quarter or...