Investing.com – Apple (NASDAQ:) fell in midday trade Friday after its price target was cut by Goldman Sachs (NYSE:) to $165 from $187.
Apple lost 1.8%.
Analyst Rod Hall maintained his neutral rating on the company, but noted that its plan to offer a trial period for Apple TV+ will likely cause a negative impact on its earnings.
Apple announced this week that it plans to offer one year free of its streaming service with the purchase of certain hardware. The service is otherwise priced at $4.99 per month.
Streaming services Netflix (NASDAQ:) gained 2.3% midday and Walt Disney (NYSE:) inched up 0.4%.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.