Jefferies analyst Peter Misek also says an iPhone 5S and low-cost iPhone will likely launch in the calendar third quarter, followed by an iPhone 6 in the first quarter.
The activist investor signs up banks and institutional investors to help him finance his bid to buy Dell, according to a report from Reuters.
Report resets price target on Apple's stock to $800 from $900, positing slower iPhone sales in saturated markets and suggesting a lower-priced iPhone could arrive in June or July.
The Creative Cloud subscription angered many customers, but 57 percent of those who signed up will continue to use it, a new survey by CNET and Jefferies finds.
That possibility is not as crazy as it seems, says Jefferies analyst Peter Misek.
Apple's iTV is dependent on high-volume Ultra HD display supply, which doesn't look promising this year.
A Jefferies-CNET survey shows the Photoshop Photography Program drew new customers to the Creative Cloud subscriptions. Its $10 monthly fee is only a fifth of the full Creative Cloud price, though.
The stock is still losing ground almost a week after the Motorola purchase was announced, notes The Wall Street Journal.
A Jefferies survey finds Adobe customers happy with the company's Creative Cloud, a subscription plan for a broad swath of Adobe products and services.
After visiting the tech giant's Asian suppliers, a Jefferies analyst concludes that "preproduction issues" could cause mass production delays on the majority of Apple's mobile devices.