Apple gets downgraded on concern services focus won't deliver big profits

Apple gets downgraded on concern services focus won't deliver big profits

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/05/30/apple-gets-downgraded-on-concern-services-focus-wont-deliver-big-profits.html

The optimism over Apple's services opportunity is overblown, according to one Wall Street firm.

Maxim Group lowered its rating to hold from buy for Apple shares, predicting the company's subscription businesses will disappoint investors.