This is MacOS Ken.

Key Bank lowers its rating on Apple's shares,

minor software updates with pretty big fixes, and notable

titles heading to Apple TV Plus.

It is Thursday, 5th of October, 2023.

I'm Ken Ray and this is news from Maco-S Ken,

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Key bank analyst Brendan Nispo doesn't hate Apple shares,

but he's not in love right now. On Wednesday, Apple 3.0 ran part of a note he wrote, wherein he

downgraded Apple shares and apparently pulled his price target off the table. Basically he doesn't see the growth

others see coming where Apple is concerned. Here in the States he's expecting

weakness from both Apple and wireless Carriers, which I guess means he's still thinking

of Apple as just an iPhone company.

Outside of the US, Nispal says consensus expects every single international segment to show accelerating

year on year growth in fiscal year 24 versus 23, though he and his struggle to understand

why that'll be the case.

While consensus expects growth from Apple of about 6% or greater in fiscal 24,

Dispos only looking for growth of 3.5%.

Sounds like he likes the direction in which Apple is headed,

but currently they're not headed there fast enough.

Quoting his note, Apple's user base is growing across products and geographies,

...