Apple has sour reaction to Goldman Sachs’ analyst note on new products

Apple Inc struck out at a Goldman Sachs Group Inc analyst 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 financial results.”