As iPhone sales slump, Apple bets on services from apps to music
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Negatives Outweighed Positives for Apple (AAPL) in FQ2, Says Deutsche Bank
April 27, 2016 10:25 AM EDTDeutsche Bank maintained a Hold Apple (NASDAQ: AAPL) with a price target of $105. Comments follow the release of FQ2 results. Analyst Sherri Scribner said concerns about slowing growth and elongating iPhone refresh cycles were reinforced by declines in units. Overall, negatives largely outweigh positives, said the analyst.
"AAPL reported slightly softer results and weak guidance as macroeconomic and FX headwinds weighed on iPhone demand. Mgmt... More
