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Apple Stock Sinks on Bearish iPhone Outlook
10 Aug
Summary
- Apple stock downgraded to underperform at Jefferies.
- Analyst cites concerns over iPhone's average selling prices.
- Growing bearish sentiment surrounds Apple's future outlook.
Jefferies has downgraded Apple Inc. to an "underperform" rating, signaling increasing investor caution. Analyst Edison Lee highlighted concerns about the future performance of the iPhone. Specifically, Lee expressed doubts about Apple's capacity to raise the average selling prices (ASPs) for its flagship device. This downgrade reflects a broader trend of growing bearish sentiment among analysts regarding Apple's financial outlook.
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