Goldman Sachs cautious about iPhone ASP, says longer lead times are due to COVID

Goldman Sachs is taking a more cautious view of iPhone revenue in 2021, citing a downward trending average selling price despite “solid” iPhone 12 unit demand so far.Credit: Andrew O’Hara, AppleInsiderIn a note to investors seen by AppleInsider, analyst Rod Hall flags several issues heading into Apple’s busy holiday shopping season. Contrary to other analysts, Hall has rated Apple “Sell” and believes that the company has a 39.7% downside.Read more…
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