Though Apple (AAPL) fell yesterday on iPhone 4S disappointment, many analysts are coming to its defense. Needham touts the device's Siri voice assistant software; Piper still sees plenty of pent-up demand; and Jefferies expects the low-cost 3GS to produce high margins, while reiterating its belief China Telecomm will do an iPhone launch in Q1 2012.
I think if they would have just called the new phone the iPhone 5, the stock would be higher now.
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