Page 18 - Tim Long News Today

Get Free Report shares moved lower in early Tuesday trading after analysts at Barclays issued a rare downgrade for the tech giant, citing softening iPhone…

The bank lowered its rating on the tech giant to underweight from equal weight.

Barclays analysts think that weak iPhone 15 sales may be a harbinger of weak hardware and iPhone 16 sales in the year ahead.

Barclays analysts led by Tim Long cut their rating on Apple to underweight and price target to $160 from $161, implying a 17% decline over the next year.

Barclays is the second brokerage to have the equivalent of a "sell" rating on the stock, which now has its most number of bearish recommendations in at least two years, per LSEG data. Apple has been grappling with a demand slowdown since early last year and has forecast holiday-quarter sales below Wall Street estimates. Its performance in China has also been a worry after the revival of local rival Huawei.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Apple stock sank after Barclays warned on Tuesday that iPhone sales aren't living up to the hype.

Took a hit on Tuesday after Barclays downgraded the iPhone maker and lowered its price target on shares on fears of slowing iPhone 15 sales in China. Apple…

Apple has been grappling with a demand slowdown since early last year and has forecast holiday-quarter sales below Wall Street estimates

Stock outperformed in 2023 despite posting four straight quarters of declining sales. But without positive catalysts, it is likely to drop in 2024, a Wall…