Barclays downgraded Apple stock, causing a 3.6% drop to a seven-week low. The company now has its most bearish recommendations in two years. Barclays analysts expect weakness in iPhone volumes and mix, as well as little growth in Macs, iPads, and wearables. Apple’s demand slowdown and performance in China are concerns. Barclays slightly lowered its price target for Apple stock. The note highlights continued iPhone weakness, stagnant growth in Mac and iPad segments, deceleration in Services, and diminishing returns on the Apple ecosystem.
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‘iPhone 16’ and 3 other reasons Barclays gave for ‘downgrading’ Apple
Barclays downgraded Apple stock, causing a 3.6% drop to a seven-week low. The company now has its most bearish recommendations in two years. Barclays analysts expect weakness in iPhone volumes and mix, as well as little growth in Macs, iPads, and wearables. Apple’s demand slowdown and performance in China are concerns. Barclays slightly lowered its price target for Apple stock. The note highlights continued iPhone weakness, stagnant growth in Mac and iPad segments, deceleration in Services, and diminishing returns on the Apple ecosystem.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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