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Why Apple Stock Dropped Today

TheMotleyFool

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Shares of Apple (NASDAQ: AAPL) fell on Tuesday, as a respected investment firm sees substantial downside ahead for investors. As of 10:38 a.m. EDT, Apple's stock was down 3% after falling as much as 6.4% earlier in the day.

Investment bank Goldman Sachs reiterated its sell rating on Apple's stock on Tuesday. Analyst Rod Hall believes the tech titan's shares could fall more than 30% to $80, as growth in Apple's services and wearables segments fail to offset slowing iPhone sales.

Goldman Sachs is one of the biggest Apple bears on Wall Street. Image source: Getty Images.

Source Fool.com

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