If you thought Apple had already been through a rough period, just wait. That's the message from one Wall Street analyst who predicts the iPhone maker is "facing a very rough two-year period."
Although Apple's chief executive Tim Cook spent Wednesday defending his company's horde of cash, those concerns could evaporate as Apple spends billions to prop up slowing iPhone sales and works to improve demand in emerging markets.
Apple could see capital expenditures double, according to Jeffries' analyst Peter Misek, forecasting billions in payments for supplier upgrades, emerging-market payment plans and expensive technology updates all while iPhone sales plunge...