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Rosenblatt analyst says iPhone 11 sales will disappoint, AAPL stock price falls in premarket trading

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<p>Apple stock took a beating in premarket trading as Rosenblatt Securities released a pessimistic updated outlook on company performance.</p>
<p>The firm downgraded Apple stock to “sell” from a previously neutral rating. The company said Apple’s new iPhone sales will be disappointing and that services revenue growth will decelerate.</p>
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