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Why Goldman Sachs is still telling investors to dump Apple stock

The bank says Apple will fail to meet the growth of previous years over the holiday period for the iPhone

By

Emily Nicolle

Goldman Sachs has been a long-standing bear on Apple, reaffirming its “sell” rating on the stock in a note on 30 October following Apple’s quarterly results
Goldman Sachs has been a long-standing bear on Apple, reaffirming its “sell” rating on the stock in a note on 30 October following Apple’s quarterly results Photo: Getty Images

The delayed launch of Apple’s new iPhones left Goldman Sachs analysts sceptical of the tech firm’s prospects in 2021, bucking the Wall Street consensus.

The investment bank has been a long-standing bear on Apple, reaffirming its “sell” rating on the stock in a note on 30 October following Apple’s quarterly results.

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