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0.000524383848977372 0.0017829050865233 0.0054535920293655 0.00562838664569136 0.00436986540814543 -0.00234224785876601 0.000139486103827963 -0.00895158189127783
Stock impact report

Goldman predicts 36 per cent drop in iPhone shipment, says time to sell Apple shares [Toronto Globe and Mail (Ontario, Canada)]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Goldman predicts 36 per cent drop in iPhone shipment, says time to sell Apple shares Apple's iPhone 11's seen here. Goldman said it does not expect the company to launch the upcoming iPhone models until early November. CARLO ALLEGRI/Reuters Apple's iPhone 11's seen here. Goldman said it does not expect the company to launch the upcoming iPhone models until early November. Goldman Sachs said on Friday it expects iPhone shipment to drop 36% during the third quarter due to coronavirus-related lockdowns around the world and downgraded Apple Inc. stock to “sell.” The brokerage noted that average selling prices for consumer devices are likely to decline during a recession and remain weak well beyond the point when units recover. “We do not assume that this downturn results in Apple losing users from its installed base. We simply assume that existing users will keep devices longer and choose less expensive Apple options when they do buy a new device,” Goldman Sachs analysts said in a note Show less Read more
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