A week before the iPhone 12’s official debut, two Wall Street analysts on different sides of the argument lay out the case for each. Apple (AAPL) is off 3.9%, at $116.20, in recent trading, hurt in part by a bearish note form Goldman Sachs analyst Rod Hall, who reiterated a Sell rating and $80 price target for the shares. Put simply, the “iPhone is a very tough act to follow,” he writes, and he doesn’t think that the company’s wearables or its services business will be big enough to return the company to growth. Read More...
A week before the iPhone 12’s official debut, two Wall Street analysts on different sides of the argument lay out the case for each. Apple (AAPL) is off 3.9%, at $116.20, in recent trading, hurt in part by a bearish note form Goldman Sachs analyst Rod Hall, who reiterated a Sell rating and $80 price target for the shares. Put simply, the “iPhone is a very tough act to follow,” he writes, and he doesn’t think that the company’s wearables or its services business will be big enough to return the company to growth.
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