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.
The post Rosenblatt analyst says iPhone 11 sales will disappoint, AAPL stock price falls in premarket trading appeared first on 9to5Mac.
Go to original Source
Powered by WPeMatico