Why Apple Stock Fell Today
Shares of Apple (NASDAQ: AAPL) declined by 4.6% on Thursday, following bearish comments by a respected investment firm.
Goldman Sachs warned investors not to be too bullish on Apple's near-term prospects. The company's analysts predict that demand for the technology-titan's products will wane over the remainder of 2020. It also fears that Apple could push back the launch of its next iPhone.
"On this basis we see Apple's recent stock performance and absolute trading level as unsustainable and would continue to recommend that investors avoid the stock," Goldman analyst Rod Hall and his team said in a report.
Source Fool.com
