Apple's stock has been downgraded by Jefferies, a move that reflects growing concerns over the demand for new iPhone models. This decision comes as analysts begin to question the anticipated 'super-cycle' of upgrades, suggesting that expectations may be overly optimistic.
Key Insights
Jefferies' downgrade of Apple is primarily driven by concerns over iPhone demand, which is expected to be lower than initially anticipated. Furthermore, analysts suggest that the competition in key markets, especially China, continues to intensify, posing a significant challenge to Apple's sales trajectory.
