Reported about 14 hours ago
Apple Inc. (NASDAQ:AAPL) is witnessing concerns over iPhone 17 demand, leading JPMorgan analyst Samik Chatterjee to lower the stock's price target from $240 to $230. The bank predicts a moderation in demand due to recent consumer behaviors, influenced by tariff-related price increases and economic uncertainty. However, there is optimism about the upcoming iPhone 18 series, which is expected to feature a foldable smartphone and enhanced AI capabilities, potentially revitalizing investor interest.
Source: YAHOO