The analyst lowered his fiscal 2023 estimates to revenue of $379B and $5.87 per share in earnings, below the consensus estimate of $412B and $6.46 per share.Īpple ( AAPL) shares fell 2.5% to $146.19 in premarket trading. "We see risk to this outperformance over the next year, as we expect material negative revisions driven by weaker consumer demand (Services already in slowdown and we expect products to follow)," Mohan wrote in a note to clients. With the stock only down 16% year-to-date compared to the broader indices, it has outperformed, but that may be coming to an end, Mohan noted. The deceased have been identified as Anand Prakash (35), resident of Dehri, Bihar, Akhilesh Singh (35), and Deepak Kumar (37), both from Aurangabad, Bihar while efforts were on to identify the fourth deceased, the DM said.Nikada/iStock Unreleased via Getty ImagesĪpple ( NASDAQ: AAPL) shares fell on Thursday as investment firm Bank of America hit the tech giant with a rare downgrade, citing worries over weaker consumer demand.Īnalyst Wamsi Mohan lowered his rating on Apple ( AAPL ) to neutral from buy and cut his price target to $160 from $185, while also lowering fiscal 2023 estimates. The police and Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) officials soon rushed to the spot to carry out relief and rescue operations, he said.ĭistrict Magistrate Ravish Kumar and Superintendent P Somen Burma soon reached the spot and directed the SDM to take necessary action. READ | DNA Explainer: What is objectionable in XXX, the Ekta Kapoor show facing SC criticism The collision was so severe that the engine of the car and all four occupants were blown away and fell at some distance away, the official said. The BMW going from Sultanpur was hit by the container coming from the opposite direction on the expressway under the Haliapur police station area, he said. Four persons were killed on the Purvanchal Expressway in Uttar Pradesh when a container truck hit their BMW car on Friday, a senior official said.
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