Downgraded Apple faces ‘saturated market’ for iPhones — analysts react to earnings

IPhone unit sales fell short in the last quarter, but Apple Inc. thinks investors should look beyond that stumble. Analysts, though, aren’t totally convinced. In its earnings report late Thursday, Apple AAPL, -0.26% delivered better-than-expected, record sales of $88.3 billion and net income of slightly over $20 billion for the fiscal first quarter. But unit […]