https://www.cnbc.com/2018/05/01/i-would-downgrade-apple-to-underperform-if-i-was-an-analyst-dan-niles.html

If I were still a Wall Street analyst covering Apple I would downgrade the stock to underperform. In fact, I did cover Apple from the late 1990s till 2003, before I became a portfolio manager.

Don't get me wrong. I love Apple products. When I was an analyst Apple was the last stock I upgraded before leaving the sell side because I believed so strongly in their products.