Reported about 15 hours ago
Apple's stock has taken a hit as analysts downgrade the company, citing disappointing iPhone sales and a lack of growth from artificial intelligence. Shares fell 2% in premarket trading, marking an 8.2% decline for January, the worst since September 2023, with concerns particularly focused on weak performance in China. Jefferies and Loop Capital have both issued negative ratings, predicting a significant decline in iPhone demand over the next quarters.
Source: YAHOO