"Goldman" excludes Apple from the favorite stock list amid poor performance

Goldman Sachs has removed Apple from its list with preference shares to buy it after the poor performance of its share, amid the fear of the decline in demand for its most important products. The iPhone manufacturer was within the “refined version” consisting of 20 to 25 members on the “Goldman” list since it was unveiled in June last year. The price of his share did not change much during that period, while the “S&B 500” index increased by about 22%. Apple shares fell 0.6% on Friday after removing it from the list. ‘Apple’ failed its peers in the ‘Seven Great Group’, with the exception of ‘Tesla’. The fear of the long -standing decline in iPhone sales was the main reason behind this decline, especially as economic crises continue in China. Apple is suffering from a continuous decline in China despite the growth of total sales, and Goldman said the revised list is subject to a monthly review, and the removal of shares if “is no longer a major investment goal.” As for analyst Michael NG, he held the purchase classification of Apple shares because of his belief that “the market focuses on the slowdown of the product revenue growth through the quality of the work system in (Apple) and the associated turnover and the clarity of vision,” as said in his report.