Apple’s tough January worsens as analysts cut on iPhone weakness
Published On Jan 21, 2025, 7:47 AM
Apple Inc. is facing significant analyst downgrades due to disappointing iPhone sales and rising competition, particularly in China. Analysts suggest ongoing weakness, with iPhone sales down by 18.2% in China for the last quarter. Concerns about the lack of consumer interest in smartphone AI are contributing to these challenges. As a result, Apple's stock has seen a decline of over 8% in January, with predictions that the March quarter figures may fall short of expectations as demand softens considerably in the coming months.
Stock Forecasts
AAPL
Negative
The downgrade of Apple Inc. highlights a bearish sentiment around its future sales, primarily driven by iPhone performance. With profit expectations potentially revised downward, the outlook appears negative for the stock in the near term.
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