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Apple has sour reaction to Goldman Sachs' analyst note


NEW YORK (Reuters) - Apple Inc APPL.O struck out at a Goldman Sachs Group Inc (GS.N) analyst on Friday in a relatively rare public dust-up between a blue chip Wall Street firm and its client.

The disagreement came after Goldman Sachs analyst Rod Hall criticized Apple’s accounting methods for the tech giant’s new TV+ product, saying in a research note that it may result in lower gross margins and profits.

In response, Apple said it does “not expect the introduction of Apple TV+, including the accounting treatment for the service, to have a material impact on our ...


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