Swiss Economicblogs.org
Rosenblatt Securities analyst Jun Zhang maintained a sell rating on Apple with a price target of $150 per share, citing a decline in iPhone sales in China is leading to a wave of production cuts by the company. “Based on our recent channel checks, we believe Apple’s total iPhone sales in China were down ~-30% y/y in November,” said Zhang in a note to clients on Tuesday. Zhang stated that consumers are opting for cheaper models than the iPhone 11 Pro, which retails...
Read More »Rosenblatt Goes Full Bear On Apple With $150 Target As China iPhone Sales Slump
