Apple Stock Gets a Price Target Cut Based on 5G iPhone Launch Worries [Yahoo! Finance News]
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Source: Yahoo! Finance News
September is always a big month forAppleAAPLapple stockSource: View Apart / Shutterstock.comFall is when Apple launches its new flagship iPhones. Even during this era of slowing smartphone sales, the iPhone is a critical driver of Apple stock growth. This September was to be the launch of the iPhone 12, Apple’s first model to incorporate 5G connectivity. And that was expected to kick off the big upgrade cycle that has eluded the company over the past several years.With the novel coronavirus disruption, however, analysts for Wedbush Securities have concerns. That led to a big cut in their target price for Apple stock.InvestorPlace - Stock Market , Stock Advice & Trading TipsBig Plans for the 5G iPhone 12 and Apple StockApple’s iPhone business has been sliding for the past several years. In 2018, the company announced it wouldstop reporting unit salesAfter a multi-year legal battle withQualcommQCOMApple finally settledHowever 5G is a much bigger deal this year. Last October, it was repo
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