Apple falls 2% to $225.04
We recently compiled a list of the 11 AI Stocks That Should Be On Your Watchlist. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other AI stocks. With only a few days in,
KEY TAKEAWAYS Apple shares fell Tuesday after Jefferies downgraded the stock to an “underperform” from “hold” on Monday.Jefferies noted that flagging iPhone sales and weak demand for its artificial intelligence (AI) features in newer models would lead the tech giant to undershoot quarterly revenue forecasts.
Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple.
Jefferies analysts downgraded Apple (NASDAQ:AAPL) stock to Underperform from Hold, reducing the price target to $200.75 from $211.84, signaling a potential 13% downside. The downgrade reflects concerns over Apples
The latest Apple stock downgrade centers around iPhone sales and the weakening consumer electronics market. Here's what investors need to know.
Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 4.1% in the morning session after Jefferies analyst Edison Lee downgraded the stock's rating from Hold to Sell, and echoed concerns about weak iPhone sales.
Apple got hit with downgrades from Jefferies and Loop Capital on fears of slowing iPhone sales and a lack of demand around Apple Intelligence.
Today, hit a new four-month low, following a report from Bloomberg indicating the company has seen an 18% slide in iPhone sales in China during the holiday season. The stock is also reeling from two downgrades by Loop Capital and Jefferies.
According to the findings, both iPhone 17 and 18 performed below expectations, AI adoption grew more slowly than hoped, and Apple expected iPhone market share to decrease by 2% in Q1 2025. China's cut to device subsidies will lead to reduced iPhone demand in 2023.
Jefferies downgraded Apple (AAPL) to Underperform from Hold with a price target of $200.75, down from $211.84. The stock closed Friday up $1.72
China Tech & Telecom Analyst Lee and TMT Specialist Beavington discuss the Apple (AAPL) downgrade on an Analyst/Industry conference call to