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

As a result, the securities firm maintained its “Outperform” rating and $325 price target “With Apple Intelligence being rolled out in a phased strategy the iPhone 16 upgrad

The latest Apple stock downgrade centers around iPhone sales and the weakening consumer electronics market. Here's what investors need to know.

EST Apple (AAPL) falls 2% to $225.04 after Jefferies cuts to sell, Loop to holdInvest with Confidence: Follow TipRanks' Top Wall Street

Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 4.1% in the morning session after Jefferies analyst Edison Lee downgraded the stock's rating from Hold to Sell, and echoed concerns about weak iPhone sales.

Today, hit a new four-month low, following a report from Bloomberg indicating the company has seen an 18% slide in iPhone sales in China during the holiday season. The stock is also reeling from two downgrades by Loop Capital and Jefferies.

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

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.

There’s a little problem, though: most of the decline in the seven comes down to one company. Apple is down 14 per cent since Christmas. Tesla is down 11 per cent, but is only a third of Apple’s weight in the S&P 500. The rest of the seven are meandering along, a bit above (Nvidia) or below (Alphabet) the performance of US big caps, generally.

Jefferies ’ global head of its private capital group Matthew Wesley is departing the investment bank to join Moelis & Co. Wesley is set to take over as head of private funds advisory at Moelis, six sources familiar with the matter told Secondaries Investor. The Financial Times first published the news.

In a report released today, Alexander Slagle from Jefferies maintained a Buy rating on Performance Food Group (PFGC – Research Report), with a