After a decade of bullishness, Barclays analyst Ben Reitzes has downgraded Apple (AAPL 1.27%) stock from "overweight" to "equalweight," tantamount to downgrading from buy to hold, though his price target remained fixed at $570. Reitzes sees the company as being all about the iPhone, with new product categories such as a smart watch or smart TV being unlikely to catalyze shares upwards. He also makes the unsettling comparison between Apple and Microsoft (MSFT 0.37%), which saw its share price remain largely flat for the decade following 2000.
In this video from Friday's Tech Teardown, Motley Fool tech and telecom bureau chief Evan Niu takes a look at Reitzes take on Apple today, and whether or not he sees Apple investors as being in for a slow decade ahead.
