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Apple inventory slips greater than 2% after Barclays downgrade

Apple inventory slips greater than 2% after Barclays downgrade


Apple CEO Tim Cook dinner attends the annual session of China Improvement Discussion board (CDF) 2018 on the Diaoyutai State Guesthouse in Beijing, China March 26, 2018.

Jason Lee | Reuters

Apple shares slipped greater than 2% in pre-market buying and selling Tuesday, after Barclays downgraded the inventory to underweight and barely trimmed its value goal from $161 to $160.

Barclays analyst Tim Lengthy wrote in a observe to purchasers Tuesday that the iPhone 15’s at present “lackluster” gross sales, particularly in China, presaged equally weak iPhone 16 gross sales — weak point that Lengthy expects will maintain true for Apple’s {hardware} gross sales broadly.



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Written by bourbiza mohamed

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