This is Mac OSKenn.

Words from Wall Street.

Words from Wall Street, Apple goes low in India, and the only guy who can say whatever

he wants about Apple says something about Apple.

It's Tuesday the 13th of June 2017. I'm Ken Ray and this is news from Maco

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And another thing, says me's a host securities analyst Abby Lamba,

handing Apple its second downgrade in as many weeks.

Early last week, Pacific Crest Securities analyst Andy Hargreaves downgraded Apple shares

from overweight to sector weight on the premise that analysts are expecting too much in

terms of sales from the next round of iPhones. Late last week Bloomberg ran a

piece saying that the next iPhone won't be as fast as some of its competitors.

That happened at about the same time

that a Golden Sachs analyst said that the fangs, Facebook, Apple, Amazon, Netflix, and

Google and in fact all of the tech sector may be overextended.

And another thing says me's a host securities analyst Abby Lamba.

Baron's had Lamba issuing a note on Monday dropping Apple from buy to neutral because I don't even

want to tell you. You know the $1,000 price tag that's been kicked around by some analysts

for Apple's anticipated, though unannounced anniversary

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