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Apple downgraded for a second time in two days on weaker iPhone sales expectations

Apple downgraded for a second time in two days on weaker iPhone sales expectations

5 years ago
Anonymous $yysEBM5EYi

https://www.cnbc.com/2018/11/05/apple-draws-second-downgrade-on-weaker-iphone-expectations.html

Apple's stock was downgraded for a second time in two trading days in light of softer expectations for iPhone production and shipments.

Rosenblatt Securities cut its rating on the largest public company in the U.S. to neutral from buy, telling clients that it will be difficult for the Cupertino, California-based Apple to offset weaker volume with higher selling prices in the second half of 2019.

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