"Citi has cut the forecast for Apple's earnings, saying that the US trade war with China will damage iPhone sales further in the second half," said Michael Sheetz for CNBC. In the Apple iPhone demand in China as China's citizens shift their purchasing preference to China's national brands, "Citi said," Sheetz reports. "China represents 18% of Apple sales that we think could be cut in half," Citi said. "
Sheetz reports," Citi lowered its price target for Apple to $ 205 a share from $ 220 per share.
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MacDailyNews Take: "Could" be cut in half or not.
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