Apple Shares Tumble 4% After Double Downgrades by Analysts

Category: Finance

Apple shares fell over 4% after multiple analysts downgraded the stock due to concerns over declining iPhone sales and weak performance in hardware and services. Jefferies analyst Edison Lee lowered the price target, citing weakening demand, especially in China. Barclays also downgraded Apple, predicting poor sales for upcoming iPhone models and criticizing the lack of innovation in its product lineup. The decline in MacBook and iPad sales further indicates challenges in Apple's hardware business, raising skepticism about its growth prospects amid increasing competition and economic pressures.

Keywords: Apple, stock downgrade, iPhone sales

Source: Yahoo Eurosport UK

Update At: 1/22/2025

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