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Apple stock gets another downgrade to sell: the iPhone ‘air pocket is real’

Emily Bary
Apple stock gets another downgrade to sell: the iPhone ‘air pocket is real’

For the second time this week, an analyst has slapped a bearish rating on Apple Inc.’s stock. New Street Research analyst Pierre Ferragu downgraded Apple (AAPL)  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.