Apple stock took a beating in premarket trading as Rosenblatt Securities released a pessimistic updated outlook on company performance.

The firm downgraded Apple stock to “sell” from a previously neutral rating. The company said Apple’s new iPhone sales will be disappointing and that services revenue growth will decelerate.

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The post Rosenblatt analyst says iPhone 11 sales will disappoint, AAPL stock price falls in premarket trading appeared first on 9to5Mac.

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Benjamin Mayo

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