Jefferies cuts iPhone sales expectations, but says services business still makes Apple a buy

Jefferies cuts iPhone sales expectations, but says services business still makes Apple a buy

5 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2018/12/19/jefferies-joins-wall-street-in-cutting-iphone-expectations-but-says-services-still-make-apple-a-buy.html

Jefferies became the latest Wall Street firm to lower expectations for Apple's stock on weakness in the iPhone supply chain.

"It could get worse before it gets better," Jefferies analyst Timothy O'Shea said in a note Wednesday. "It appears that [Wall Street] estimates may still be too high."