Apple stock gets slammed to start the new year
Apple's stock price has fallen 5.9% over the first three trading days of 2024, according to Dow Jones Market Data.…
Source: macdailynews.com
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Apple Stock Downgraded Again, Loses About $176 Billion Since Start Of 2024
Apple fell further on Thursday, losing about $176 billion since the start of the year, after Piper Sandler became the second brokerage this week to downgrade the stock on worries of tepid demand for its products, including the iPhone.
Source: ndtv.com
Apple suffers second rating downgrade in tough start to 2024
Apple fell further on Thursday, losing about $176 billion since the start of the year, after Piper Sandler became the second brokerage this week to do
Source: indiatimes.com
Apple suffers second rating downgrade in tough start to 2024
Piper Sandler became the second brokerage this week to downgrade the stock on worries of tepid demand for its products, including the iPhone.
Source: moneycontrol.com
Apple suffers second rating downgrade in tough start to 2024
If the losses hold, Apple stands to lose $47.4 billion of its value for the day. "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. The brokerage downgraded the rating on Apple's stock to "neutral" from "overweight" and cut its price target by $15 to $205.
Source: aol.com