Barclay’s has downgraded Apple stock to underweight with a price target of $160 (currentvprice is $185).
The downgrade is due to a belief in lowered iPhone demand as there’s little reason to upgrade. I’m somewhat skeptical of this since this gets trotted out every year yet people keep ordering the latest iPhone as soon as it’s announced.
It’s as reliable as the sun rising in the east and setting in the west.
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@carnage4life Brand loyalty is a helluva drug... even, curiously, among anti-corporate types.
