Apple downgraded, more iPhone estimates cut as Street starts to turn on the stock

Apple downgraded, more iPhone estimates cut as Street starts to turn on the stock

6 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2018/11/14/apple-gets-downgraded-more-iphone-estimates-cut.html

Apple shares were downgraded on Wednesday by a Guggenheim Partners analyst who predicted a 5 percent decline in iPhone units sold in 2019. The firm also said rising prices would not be enough to offset that decline in sales.

Also on Wednesday, UBS cut its Apple iPhone sales estimates and stock price target, citing supplier warnings and overseas sales pressures because of the rising dollar.