Apple: Apple suffers second rating downgrade in tough start to 2024
Apple has been grappling with a demand slowdown since early last year and forecast holiday-quarter sales below Wall Street estimates.
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Apple has been grappling with a demand slowdown since early last year and forecast holiday-quarter sales below Wall Street estimates.
Apple was slapped with its second major stock downgrade of the week on Thursday as fears mount on Wall Street about lukewarm demand for its flagship iPhone.
Piper Sandler & Co’s Harsh Kumar cut his Apple rating, citing a weak macro environment in China that will dampen demand for iPhones.
The outlook is getting uglier for chip makers that serve the auto industry.
Strike Two: Apple Hit With Another Downgrade On iPhone Demand Worries Wall Street analysts have downgraded Apple for the second time this week, citing a…