News Headline Summary

In the early part of trade on Wall Street, Apple (AAPL) are seen down 3.75%

Update details:

- Some participants focus on Hon Hai, who are the world's largest contract maker of electronics were seen sharply lower at the end of their trading day, due to a broker/analyst downgrade, which has lead Apple suppliers lower on speculation shipments of the iPhone 5 may be weak next quarter.
- Also of note, UBS downgraded AAPL's prices target pre-market from USD 780 to USD 700.

Print 14:32, 14 Dec 2012 - US Equities - Source: RANsquawk/Newswires