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Articles tagged with: apple shares

Apple Stock Gets Downgraded – Shares Drop

JMP Securities has downgraded Apple this morning from “market outperform to market perform.”

The reason for the downgrade that JMP states is, “A notable deceleration in its primary manufacturing partner Hon Hai.” With the deceleration of Hon Hai’s sales growth, they believe Apple’s business could follow. Hon Hai is the parent company of Foxconn, Apple’s manufacturer. JMP also believes the iPhone sales could just be in line with expectations this year, as well as seeing iPad sales replacing Mac sales.

With Apple’s track record…