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Apple Faces Challenges as JP Morgan Cuts Share Target

6/27/2025

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Summary

Story summary

Apple is navigating turbulent waters as JP Morgan slashes its share price target from $240 to $230, citing waning iPhone demand and sluggish service growth. In response, Apple is revamping its supply chain and investing in groundbreaking innovations like AI and a foldable iPhone, with hopes for a resurgence by 2026-2027.

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Story summary

Apple is navigating turbulent waters as JP Morgan slashes its share price target from $240 to $230, citing waning iPhone demand and sluggish service growth. In response, Apple is revamping its supply chain and investing in groundbreaking innovations like AI and a foldable iPhone, with hopes for a resurgence by 2026-2027.