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Technology Stocks : Apple Inc.

AAPL 258.33

-0.6%

3:59 PM EST

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From: Moonray	5/28/2016 6:46:18 AM
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Apple downgraded to Negative from Mixed at OTR Global OTR Global changed its view on Apple to Negative from Mixed saying metrics continue to deteriorate for for the company. The firm's analyst said retail price cuts and higher subsidies for Apple's iPhone in China have not driven sell-through during Q2, and buyers have begun to report rising iPhone inventories and iPhone inventories are higher than normal for 8 of 13 buyers, despite retail price cuts of 11%-14% since beginning of quarter and increased carrier subsidies. The firm said overall Chinese Q2 handset market sell-through volumes are flat year-over-year. o~~~ O

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