Demand for iPhone and other products weakens! Apple removed from Goldman Sachs' 'Best Buy' list

Quick Technology News on March 4th: Goldman Sachs Group recently removed Apple from the "Best Buy List", mainly due to poor performance of Apple's stock and weak market demand for its flagship products. Since June 2023, Apple's stock price has basically changed little, while the S&P 500 index has gained nearly 22%. Compared with other technology giants such as Microsoft, Apple's performance lagged behind seven other technology giants except Tesla.

Apple shares fell after being removed

1. Apple shares fell 0.6% after being removed from Goldman Sachs’ Best Buy list.

Goldman Sachs’ Monthly Review

2. Goldman Sachs says its Best Buy list will be reviewed on a monthly basis.
3. Stocks are removed from this list once they are no longer considered the best investment option.

Goldman Sachs analyst maintains rating

4. Despite being removed from the list, Goldman Sachs analyst Michael Ng maintained a buy rating on Apple.
5. He said: "The market's concerns about the slowdown in Apple product revenue growth conceal the strong strength of Apple's ecosystem and the persistence and visibility of related revenue."

   

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