According to estimates by IDC and Canalys, overall iPhone market share fell 1% year over year in Q4 to 23% despite the broader market for smartphone shipments increasing by 3%. Apple kicked off its big AI push in October, releasing the first raft of its Apple Intelligence updates.

Apple Inc. was downgraded to perform from outperform at Oppenheimer, in the latest sign of caution building ahead of the company’s results.

Jefferies Financial Group downgraded shares of Apple (NASDAQ:AAPL – Free Report) from a hold rating to an underperform rating in a research note issued to investors on Tuesday, MarketBeat reports. Jefferies Financial Group currently has $200.

Apple (NASDAQ:AAPL) shares continue to decline following a Jefferies downgrade to Underperform from Hold, driven by concerns about slowing iPhone demand and broader consumer electronics headwinds. The firm also cut its price target to $200.75 from $211.84.

Jefferies also lowered the price target on the shares to $200.75 from $211.84. Jefferies analysts led by Edison Lee said that they have lowered forecasts driven by weak iPhone sales and the general consumer electronics market and Jefferies' reduced outlook ...

Jefferies downgraded Apple (AAPL) to Underperform from Hold with a price target of $200.75, down from $211.84. The stock closed Friday up $1.72

Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple.

The stock, meanwhile, has seen a lot of multiple expansion in recent years. For its part, Jefferies sees weak iPhone shipments in the fourth quarter, with Apple's artificial intelligence (AI ...

According to the findings, both iPhone 17 and 18 performed below expectations, AI adoption grew more slowly than hoped, and Apple expected iPhone market share to decrease by 2% in Q1 2025. China's cut to device subsidies will lead to reduced iPhone demand in 2023.

Apple got hit with downgrades from Jefferies and Loop Capital on fears of slowing iPhone sales and a lack of demand around Apple Intelligence.

Shares of Apple (AAPL), the most valuable publicly traded company in the world, have received a rare “sell” rating from a prominent Wall Street firm. Concerns over weak iPhone sales have led analysts at Jefferies Financial Group (JEF) to downgrade