Detwiler Fenton Sees Apple Situation Deteriorating, Rosenblatt Downgrades Apple To Neutral

In a phone interview Wednesday morning with Benzinga, Detwiler Fenton's Jeff Johnston reiterated his view of Apple's AAPL declining smartphone sales. Johnston sees "nothing overly positive from checks" and states the situation at Apple is deteriorating.
Johnston has been vocal through most of 2015 about the declining smartphone market and the subsequent impact to customer sentiment as carriers decouple from providers telling Benzinga "customers are realizing how expensive these things are now and they are willing to hold off for an upgrade".
Early Wednesday Rosenblatt Securities downgraded Apple AAPL to Neutral. The firm cites Apple's declining iPhone 6S sales have slowed and speculates production has been cut over the past couple weeks.
March 2016 iPhone 6s sales are expected to be between 45-46M. Further hindering the bullish story on Apple is the impact Huawai may be making on old generation iPhones according to Rosenblatt. Rosenblatt sees revenues decline 2 percent YoY in 2016 and EPS growing roughly 1 percent.
Apple shares traded down roughly 1.50 percent in the opening minutes of trading