Apple was again beaten by Deutsche Bank after downgrades and target prices by several brokerage houses Zero Hedge reported that analysts at Deutsche Bank pointed out that the price of the iPhone X was too expensive to hold up the so-called 'super cycle' and Said Wall Street's forecast for the company's March and June quarter is still too high, and iPhone X production was only 25 million in the first quarter of this year.
Deutsche Bank believes that the market is optimistic about the iPhone X demand and strong stock markets have pushed up Apple's share price last year, but Apple's current share price did not reflect the expected mobile phone demand, with the next few quarters iPhone sales data decline, Apple Stock prices will also follow lower.
Before Deutsche Bank, Apple has been Wall Street decline in the number of institutions, such as Nomura Holdings broker Nomura, Longbow Research and Atlantic Securities have lowered Apple stock rating and target price, JP Morgan Chase also forecast iPhone X orders Will be down 50%.