Apple shares fall on weak Q4 outlook; GF Securities downgrades to Hold

1. 1Apple (AAPL) shares dropped nearly 7% on Friday after its fourth-quarter outlook fell short of analyst expectations.
2. 2The company forecast fourth-quarter revenue growth of 9–11% year-over-year, versus the analyst estimate of 12.1%.
3. 3GF Securities analyst Jeff Pu downgraded the stock to Hold, citing valuation, memory cost, and demand risks, and set a price target of $369.

Source MarketWatch +1 · View original ↗

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