This is Mac OSKIN. A sort of surprising downgrade for Apple, the price paid for a little texture, and Twitter

and Apple and the first black hole, it's Thursday the 11th of April 2019.

I'm Ken Ray and this is news from Maco West Ken.

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Apple shares were handed what some might see as a seriously myopic downgrade on Wednesday.

CNBC says H.S.B.C. cut Apple to reduce, which would basically translate to sell, because Apple's too late to streaming video or something.

In a note to clients, H.S. B.C.'s Erwin-Ramborg wrote,

Recent announcements on services has

Apple putting money where its mouth is,

but returns could take some time to extract.

While the new offerings may garner consumer attention, we do not expect these services to move the needle significantly.

We believe Apple has come too late to the game and its offering, by and large, do not differ much or are below par to offerings from competition.

Remborg has a 12-month price target on Apple shares of $180. Apple closed Wednesday at $200 and 62 a share. If Apple was starting from

nothing by which I mean if Apple was say 100 million from nothing else going for it

if Apple was say 100 million dollars in cash with no hardware no history and

nothing else going for it Remborg's worry would make a lot of sense and to be clear it's not completely senseless but

Apple sitting on a quarter trillion dollars plus a 1.4 billion device ecosystem, plus a user base that runs somewhere

...