Apple downgrade may lead to tech wreck ...News

Russia Today - Economy
Apple downgrade may lead to tech wreck
source : Russia Today ( News ) () 22
Concerns surrounding the world’s most valuable company have sent shockwaves through the industry In the wake of Barclays downgrading Apple’s stock and trimming its price target, the tech giant experienced a 4% drop in its shares on Tuesday and the slide continued on Wednesday. The downgrade, prompted by weakening iPhone 15 sales, has raised concerns among analysts and investors regarding the outlook for iPhone 16 sales and broader hardware projections. Barclays analyst Tim Long expressed apprehensions not only about Apple’s hardware sales but also about the services business, citing regulatory scrutiny as a potent

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