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Apple will face bigger challenges as 'China bites even more,' HSBC says

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Analysts at HSBC have taken down their Apple price target a week after the company reduced its quarterly revenue estimates.

 

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Costly phones, innovation and a saturated market snowballed Apple, analysts and investors say'Part of the issue here is that Apple's not acknowledging the real problems that they have,' AlphaOne Capital Partners' Dan Niles says. Plus a lack of diversification by Tim Cook to buy companies like Netflix . He had that opportunity when Netflix was 1/5 the cost it is today.
Source: CNBC - 🏆 12. / 72 Read more »