Friday, September 13, 2019
Apple Disputes Goldman Sachs Analyst Report Claiming Free Year of Apple TV+ Will Impact Earnings
Goldman Sachs this morning cut its target price for Apple’s stock from $187 a share to $165 a share, claiming Apple’s plans to give away free access to its upcoming Apple TV+ service will cause a “material negative impact” on earnings because of how the accounting for the service will work. Goldman Sachs’ Rod Hall said that Apple would account for the one-year free trial as a combined hardware 
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