Goldman says Apple will have to cut 2019 numbers even further, compares iPhone maker to Nokia
Apple's replacement demand in China has blown out, says Goldman Sach's Rod Hall 9:07 AM ET Fri, 4 Jan 2019 | 06:39Shortly after Apple slashed its revenue guidance for the first quarter, Goldman Sachs said the iPhone maker will likely have to bring down numbers for the full year. Apple sees first-quarter revenue of $84 billion vs. a previous guidance of a range of $89 billion and $93 billion. Apple shares dropped 9 percent to about $142 in trading Thursday after ending the first day of 2019 at $157.92. Goldman's Hall slashed his 12-month forecast to $140 from $182. He also lowered his full-year 2019 revenue estimate by 6 percent to $253 billion and his full-year EPS estimate by 10 percent to $11.66.Apple barely beats on earnings, iPhone sales decline
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