Avoid Apple stock as coronavirus uncertainties weigh on iPhone launch, Goldman Sachs says

Investors should steer clear of Apple shares until coronavirus-related uncertainties subside and markets can better price future performance, Goldman Sachs said on Wednesday.
The firm's analysts expect Apple to omit forward guidance from its upcoming quarterly report, leaving investors guessing as to whether its next-generation iPhone will arrive on time.
A one-month delay for the iPhone's launch could fuel a 7% hit to revenue and a 6% decline in earnings over the fourth quarter, Goldman said.
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