Goldman Sachs just dramatically cut its outlook for Apple, predicts 26% downside

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Goldman Sachs just dramatically cut its outlook for Apple, predicts 26% downside Goldman Sachs just significantly slashed its price target for Apple, predicting 26% downside for the shares because of a “material negative impact” on earnings for the accounting method the iPhone maker will use for an Apple TV+ trial.“We believe that Apple plans to account for its 1-year trial for TV+ as a ~$60 discount to a combined hardware and services bundle,” wrote Goldman analyst Rod Hall, in a note.

Source:https://www.cnbc.com/2019/09/13/goldman-sachs-just-dramatically-cut-its-outlook-for-apple-predicts-26percent-downside.html


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