Analyst slashes his Apple target after survey finds weak iPhone XR demand (AAPL)

Apple is seeing disappointing initial sales of its iPhone XR, according to a Canaccord Genuity survey.
The financial-service firm slashed its price target by 10% to $225 — 25% above Apple's current share price.
Apple has been under pressure recently, down more than 20% since its October peak.
Watch Apple trade live.Apple's latest lineup of iPhones, especially the cheaper model XR, is not as popular as the market expected, according to a survey conducted by Canaccord Genuity. The financial-