Goldman Sachs downgrades Apple for second time this month, warns Apple may have ‘miscalculated’ iPhone XR pricing strategy (AAPL)
|11/20/2018||Posted by BusinessMediaguide.Com under General World News||
- Goldman Sachs issued an unusually bearish note on Apple stock.
- The analysts believe that Apple may have “miscalculated” when setting the price for the $750 iPhone XR.
- The note also warns that Apple may be losing its power to price its products higher than its competitors.
- Apple’s share price has declined over 20% and has lost over $220 billion in market value from its October peak.
Goldman Sachs cut its target price for Apple for the second time this month as the stock has taken a beating since it reported earnings on November 1.
Apple’s share price has declined over 20% and read more >>>