Home » General World News » Goldman Sachs downgrades Apple for second time this month, warns Apple may have ‘miscalculated’ iPhone XR pricing strategy (AAPL)

Goldman Sachs downgrades Apple for second time this month, warns Apple may have ‘miscalculated’ iPhone XR pricing strategy (AAPL)





Tim Cook

  • 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 >>>

Source:: BusinessInsider.Com

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