Authorization

Apple's China problem isn't going away, HSBC says in its latest warning (AAPL)

Apple's China problem isn't going away, HSBC says in its latest warning (AAPL)
REUTERS/Kevin Lamarque



Apple shares fell to a two-month low Monday after HSBC issued its latest warning about China-related concerns.




"China, one of the reasons for our Dec 2018 downgrade, remains an issue and we don't see it going away anytime soon," they said.




The firm cut its price target for the fourth time since December.




Watch Apple trade live.




One of the world's largest companies is grappling with continuing headwinds in the world's second-largest economy, and that's caused HSBC analysts to issue a fresh warning to investors.
Apple's macroeconomic and competitive issues in China aren't going away anytime soon, particularly as trade tensions between the US and China hit a boiling point, analysts at the firm said in a report out Sunday. The report sent Apple shares down 3%, to a two-month low.
The analysts, led by Erwan Rambourg, trimmed their price target to $174 from $180 — their fourth price cut since December, when they released an in-depth report downgrading their once-bullish rating.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Июнь 2019    »
ПнВтСрЧтПтСбВс
 12
3456789
10111213141516
17181920212223
24252627282930