Story perspectives
Apple Stock Downgraded Amid Weak iPhone Sales Concerns
1/23/2025
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Story summary
- Analysts downgraded Apple (AAPL) stock due to weak iPhone sales and elevated sales estimates.
- Jefferies and Loop Capital reduced ratings, while JPMorgan adjusted its price target downward.
- U.S. Rep. Nancy Pelosi's sale of Apple shares raised concerns about future demand.
- Apple is set to release its fiscal Q1 results on January 30, 2024.
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