Apple: Rosenblatt analyst who downgraded to Sell on CNBC
Rosenblatt downgraded to Sell from Neutral, maintained $150 tgt.
Does not see fundamental improvement despite recent recovery in the stock; sees increasing competition, fundamental deterioration over 6-12 months.
Sees people switching from iOS to android in China in recent months. Wants to see new design next year to maintain market share. Expects iPhones down 10% in 2H19; iPhone, gross margin won't improve with next model.
AAPL -1.4% weighing on Dow (-0.4%) and Nasdaq 100 (-0.5%) futures