@jimcramer is hosting a competition with @AnthonyBonsigno@jeffmarks_@BenStoto@ZevFima and @KevinCurranRM to see who downgrades $AAPL next. Don't forget to check out @CramerClub's call at 11:30 AM ET. pic.twitter.com/4ozGyQTPTH
— Katherine Ross (@KatherineRooss) November 14, 2018
And the winner was officially announced on Tuesday, Dec. 4 after HSBC downgraded Apple AAPL to hold from buy.
It also slashed its price target to $200 from $205.
The downgrade came after Apple supplier Cirrus Logic slashed its third-quarter revenue estimates.
The company cited "recent weakness in the smartphone market" as the reason for the price target cut.
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