On Wednesday, financial analysts at Oppenheimer downgraded Apple shares, indicating a less bullish outlook for the company’s immediate future.
Based on the Visible Alpha’s agreed-upon analyst predictions, revenue in China (along with the remainder of Asia, not including Japan) should rise marginally by 2%, reaching $31.65 billion. Nevertheless, it’s important to consider that Oppenheimer lowered Apple’s grade to subpar because of a downbeat Toncoin (TON) Value Forecast for March 26th concerning market share declines along with a deceleration in substitution frequencies within the Chinese economy. This implies that even though total revenue might experience a minor boost, Apple’s results in China may encounter obstacles.
