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"We are concerned about handset inventories entering into 1H24 and also feel that growth rates have peaked for unit sales ... deteriorating macro environment in China could also weigh on handset business," Piper Sandler lead analyst Harsh Kumar wrote in a note to clients.
Apple has lost roughly $160 billion of market value so far in 2024 as analysts warn about the stock’s growth potential.
Barclays downgraded Apple stock, causing a 3.6% drop to a seven-week low. The company now has its most bearish recommendations in two years. Barclays
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Keybanc Capital Markets analyst Brandon Nispel downgraded Apple on Oct. 4. That's an…