Apple falls 2% to $225.04
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.
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.
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
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.
Apple got hit with downgrades from Jefferies and Loop Capital on fears of slowing iPhone sales and a lack of demand around Apple Intelligence.
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.
China Tech & Telecom Analyst Lee and TMT Specialist Beavington discuss the Apple (AAPL) downgrade on an Analyst/Industry conference call to
In 2025, the performance of the Magnificent Seven stocks shows notable divergence, with Apple (AAPL) standing out as the weakest member.
Perhaps most significantly, Apple tried and failed to argue that pay disparities for individual female workers suing were "justified" and that their circumstances were not common to the 12,000 female employees who could be owed backpay if the class action is certified and Apple loses.