New Street Research analyst Pierre Ferragu downgraded Apple shares to sell from neutral on Friday, writing of his concerns about iPhone demand trends.

“The air pocket we anticipated for 2019 is now real, and numbers suggest the iPhone first-hand installed base is now ex-growth,” said Ferragu.

He argued that while analysts have brought down the…[Read more]

https://www.cnbc.com/2019/04/10/apple-downgraded-by-hsbc-to-sell-rating-on-concern-about-new-services-too-late-to-the-game.html

GOLDMAN: “We find that the easing in since the start of the year has reduced downside risks considerably, with the likelihood of a recession in the next four quarters decreasing from roughly 20% at the end of Q4 to slightly over 10% now.”