It has been a rough few weeks for Apple investors, and so far, this week isn't looking much better.

Shares, which dropped nearly 10 percent last week alone, slid 1 percent to $527.74 in recent trading after Jefferies analyst Peter Misek cut his target price for Apple's stock to $800 from $900.

Misek said that Apple's financial results this quarter and next quarter should be well above analysts' expectations, but decelerating unit sales, price declines, and gross margin pressure should limit the stock's climb.

Holiday shoppers looking for an iPhone 5 or 4S can save some cash courtesy of a new sale at Best Buy.

The retailer is currently discounting all the various flavors of the iPhone by $50.

That means the 16GB iPhone 5 is selling for $149.99, the 32GB for $249.99, and the 64GB for $349.99. The 16GB iPhone 4S can be had for $49.99. Both the black and white versions are up for grabs.

All of them naturally require the standard two-year contract with Verizon Wireless, AT&T, or Sprint.

A few of the variants can … Read more

There's a company operating in China that is called the next Apple by supporters, and is run by a founder that has achieved Steve Jobs-like status among his firm's followers.

Xiaomi Technology may be largely unknown to the outside world, but in China it's a household name, Reuters reports in a detailed profile of the company and its founder. As with Apple in the U.S. and other countries, Xiaomi commands instant attention in China when it announces a new product. When it releases new devices, it's not uncommon for Chinese workers to take the day … Read more

Today's word that T-Mobile plans to sell Apple products in 2013 certainly sounds like great news to the iPhone and TMO faithful. The question remains, however, if the carrier can deal with the increased load Apple's uber-phone will put on its network. It's also unclear whether the latest iPhone 5, which boasts 4G LTE data access on other networks, will offer the same performance after joining T-Mobile's roster. … Read more

Apple and China Mobile keep talking about providing the iPhone in China, and they keep running into the same stumbling blocks.

The iPhone is already available in China through China Unicom and China Telecom, the country's second and third largest carriers, respectively. But a deal with China Mobile, the biggest carrier, would give Apple access to 700 million more customers.

At China Mobile's Worldwide Developer Conference yesterday, company president Li Yue acknowledged that the carrier has been speaking with Apple since 2009 about a deal to sell the iPhone. A contract was even discussed last year, according to … Read more

Apple CEO Tim Cook said that Steve Jobs provided much-needed advice to him before he officially became chief executive.

Speaking to Bloomberg Businessweek in an interview published today, Cook said that Jobs called him one day and asked to speak with him about his plans for Apple's future. Jobs told him that he would recommend Cook as CEO and that he would serve as chairman. After Cook asked Jobs several times if he was sure about making that transition, Jobs told him to stop asking, and provided his reasoning for the decision.

Here's what Cook said about the … Read more

Consumers looking for an iPad Mini now stand a better chance of grabbing one for the holidays.

The wait time for the 7-inch tablet through the Apple online store just dropped to one week from two weeks. The new estimate applies to all variations of the Mini, from the 16GB Wi-Fi-only edition to the 64GB Wi-Fi + Cellular version.

The shorter ship time comes amidst reports that production of the new tablet had been hampered by manufacturing challenges at panel supplier AU Optronics. Apple uses both AU and LG Display to make the Mini's display panels. A recent DigiTimes story … Read more

It seems that every couple months, rumors heat up about Apple releasing a Pandora rival. But this time, analysts give a rough time frame of 2013 for "iRadio," which they say will be "vastly superior" to Pandora.

What could Apple's streaming-music service offer that would make it superior to any of the other services that are out there right now? Let us know in the comments!

Also this week, a Facebook rumor gets debunked in around 48 hours, and Asus might be cooking up another low-cost tablet, but we're too into watching TV to … Read more

The iPad should ring up lots of holiday cheer for Apple, according to a forecast today from analyst Sameer Singh.

An analyst with mergers and acquisitions consulting group Finvista Advisors, Singh put together his projections for iPad shipments based on some historical cues.

The second and fourth quarters have traditionally been the strongest ones for the iPad, however, the fourth quarter has been the champ. That's not surprising because Apple has typically unveiled each year's new iPad in the second quarter. Holiday shoppers provide a jolt to the fourth quarter.

But this year the company launched two new … Read more