Before the bell: AAPL, WMT, CSCO, LTD ...

Published: September 6, 2007, 4:32 am

Tags: aapl, ann, csco, inthenews, jwn, ltd, sks, wmt

Filed under: Before the bell, Apple Inc (AAPL), Cisco Systems (CSCO), Wal-Mart (WMT), Limited Brands (LTD), Nordstrom, Inc (JWN) Before the bell: Futures lower as retail sales data rolls inApple Inc. (NASDAQ: AAPL) will have to recover from yesterday's announcement of a $200 price cut on the iPhone. Analysts may have now to adjust models and maybe even price targets, although some, like Gene Munster of Piper Jaffray, think it's the right strategy. In the mean while, Apple will also have to deal with the wrath of the first adopters, the ones who ran to get the iPhone on the 29th of June, stood in line for hours and paid $200 more. If you ask me, Apple stands to alienate quite a few of its fan base, the ones who did but the iPhone for $599.Steve Jobs, in a Q&A in USA Today, pretty much said too bad to those customer. As per costs and iPhone sales projections being on track, he claims that "we're pretty good on the costs side. [...] We think we're on track for those kind of

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