The introduction of a new TV service has no negative consequences for the result, according to Apple. With that, Apple contradicts the conclusion of an analyst report.
According to an analyst from Goldman Sachs, the result will be affected by Apple offering its new Apple TV + service for free for a year. For that reason, the market expert lowered his share price target.
Apple did not agree with that reading. Apple’s price was under pressure due to the Goldman report but showed some recovery after Apple’s statement.
Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by lesley.woutersen@economicinform.com.