Rosenblatt analyst Jun Zhang reiterated a Sell rating and $150.00 price target on Apple (NASDAQ: AAPL), saying based on their recent checks they believe Apple's total iPhone sales in China were down ~-30% year-over-year in the month of November.

Zhang said they believe iPhone 11 sales were strong in China in November; however, the cheaper retail price of the iPhone 11 has driven consumers to buy the iPhone 11 instead of the iPhone 11 Pro and all older models.

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Shares of Apple closed at $280.00 yesterday.