Reported about 6 hours ago
Wall Street's outlook on Apple has turned negative, with firms like Loop Capital and Jefferies downgrading the stock due to increased local competition in China's smartphone market. Industry analyst Ben Bajarin indicates that while Apple has historically dominated the premium segment in China, future growth prospects appear dim. He also notes that Apple's AI initiatives may become more relevant as the market evolves, but a compelling hardware cycle is needed to reignite investor enthusiasm.
Source: YAHOO