UPDATE 1-Goldman predicts 36% drop in iPhone shipment, says time to sell Apple shares [Reuters]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investor.apple.com
Company Research
Source: Reuters
Goldman predicts 36% drop in iPhone shipment, says time to sell Apple shares (Reuters) - Goldman Sachs said on Friday it expects iPhone shipment to drop 36% during the current quarter due to coronavirus-related lockdowns around the world and downgraded Apple Inc stock to “sell”. Apple shares fell 1.6% to $282.13 on Friday morning, bucking a 1.5% rise for the benchmark S&P 500. The Goldman analysts also lowered their price target for the stock by 7% to $233 in its report forecasting the drop in iPhone demand for the quarter ending in June, Apple’s fiscal third quarter. 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
Show less
Read more
Impact Snapshot
Event Time:
AAPL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AAPL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AAPL alerts
High impacting Apple Inc. news events
Weekly update
A roundup of the hottest topics
AAPL
News
- What Apple's executive departures mean for the iPhone maker [Yahoo! Finance]Yahoo! Finance
- What Apple's executive departures mean for the iPhone maker [Yahoo! Finance Canada]Yahoo! Finance Canada
- How Apple Stock Can Break $300 [Forbes]Forbes
- Netflix reaches $72B Warner Bros. deal, PCE inflation data [Yahoo! Finance Canada]Yahoo! Finance Canada
- Check Your iPhone Now—These Models Will No Longer Receive Updates [Forbes]Forbes
AAPL
Earnings
- 10/30/25 - Beat
AAPL
Sec Filings
- 11/14/25 - Form 4
- 11/14/25 - Form 25-NSE
- 11/12/25 - Form 4
- AAPL's page on the SEC website