Apple’s China problem isn’t going away, JPMorgan and Credit Suisse warn in a pair of cautious reports (AAPL)
|06/17/2019||Posted by BusinessMediaguide.Com under General World News||
- Apple‘s position in the Chinese market remains precarious, analysts at JPMorgan and Credit Suisse warned Monday in separate reports.
- JPMorgan trimmed its price target and iPhone sales estimates due to macroeconomic uncertainty fueled by the US-China trade war, but kept its bullish rating.
- Credit Suisse said although iPhone sales in China through May are “less bad” than past quarters, competition in the region remains a fundamental challenge.
- Track Apple’s stock price in real time here.