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Wall Street slashes AAPL target prices in response to ‘Apple’s darkest day in the iPhone era’

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<p>Most analysts have dramatically cut their <a href="https://9to5mac.com/guides/aapl/" target="_blank" rel="noopener">AAPL[/url] target prices in response to what one of them described as ‘Apple’s darkest day’ in the iPhone era.</p>
<p>Wedbush analyst Daniel Ives used the description.</p>

<p>The magnitude of the top-line miss (~8%) with China demand the culprit was jaw dropping in our opinion and will heavily weigh on shares accordingly. Although the company had some quarters over the past 20 years that missed Street expectations, in the modern iPhone era last night was clearly Apple’s darkest day in our opinion and represents a challenging growth period ahead for the company …</p>

<p> <a href="https://9to5mac.com/2019/01/03/aapl-target-prices/#more-571742" class="more-link">more…[/url]</p>
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