Analyst Doubts Apple 5G iPhone Super Cycle Is Coming
The stock of Apple (NASDAQ: AAPL) was soaring ahead of its 4-for-1 stock split today, but at least one analyst has expressed concern that the tech giant's shares have become "decoupled from fundamentals" and doubts a super cycle in iPhone sales will occur as it transitions from 4G to 5G networks.
Barclays analyst Tim Long says there is more downside risk than upside potential for Apple's stock and he is maintaining his equal-weight rating on its shares.
Source Fool.com
