Here's Where In The World Goldman Sachs Expects iPhone Sales To Fall

Source: www.benzinga.com --- Thursday, June 02, 2016
Goldman Sachs’ Simona Jankowski expects iPhone’s share to decline modestly in the developed markets during CY16. The analyst maintained a Buy rating on Apple Inc. (NASDAQ: AAPL ), while lowering the price target from $136 to $124. The analyst mentioned that iPhone shipments were expected to decline in North America, Western Europe, Japan and South Korea, primarily due to lower upgrades. Related Link: Goldman Lowers iPhone Estimates, Cuts Apple's Price Target By 9% In addition, Greater China is expected to drive a 4 percent year-on-year decline in iPhone sell-through, along with an 8 percent decline in sell-in ... Full story available on Benzinga.com ...

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