Apple stock down 3.6% as Barclays says iPhone weakness will persist

Jan 2, 2024 · Barclays analyst Tim Long says Apple's iPhone sales will continue to be weak throughout 2024. ... Apple stock down 3.6% as Barclays says iPhone weakness will persist. ... TSLA Tesla, Inc. 396.36-6 ...

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Apple Stock Down 3.6% As Barclays Says IPhone Weakness Will Persist

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Apple Stock Down 3.6% As Barclays Says IPhone Weakness Will …

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Jan 2, 2024 · Barclays analyst Tim Long says Apple's iPhone sales will continue to be weak throughout 2024. ... Apple stock down 3.6% as Barclays says iPhone weakness will persist ...

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Apple Stock Downgraded By Barclays On Softening IPhone Sales

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Jan 2, 2024 · Barclays downgraded its rating for Apple to “underweight.” Barclays also cut its price target for Apple to $160, down from its previous target of $161. Apple’s stock closed …

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Apple Stock Loses Ground As Barclays Warns Of 'Softer' IPhone 16 …

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Oct 1, 2024 · Apple's stock was recently down almost 4%, well ahead of the tech-focused Nasdaq's roughly 2% decline in afternoon trading. Apple Orders for iPhone 16 Parts May Have …

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Apple Hits Seven-week Low After Barclays Downgrade On Demand …

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Jan 2, 2024 · (Reuters) -Apple on Tuesday fell nearly 3.6% to a seven-week low after Barclays downgraded the shares of the world's most valuable company on concerns that demand for its …

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Apple Stock Downgraded As Barclays Warns On Cooling IPhone …

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Jan 2, 2024 · Apple Inc. got itself a new bear as expectations of soft demand for its latest iPhone prompted analysts at Barclays Plc to downgrade the stock. Shares fell 3.6% on Tuesday, their …

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Apple Hits Seven-week Low After Barclays Downgrade On Demand …

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Jan 2, 2024 · (Reuters) -Apple on Tuesday fell nearly 3.6% to a seven-week low after Barclays downgraded the shares of the world's most valuable company on concerns that demand for its …

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Apple Stock Under Pressure After Barclays Points To Signs Of …

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Oct 1, 2024 · Shares of Apple, Inc. (AAPL) fell 1.2% pre-market on Tuesday, dragging retail sentiment down slightly, after finishing the previous session in the green. Barclays triggered …

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'iPhone 16' And 3 Other Reasons Barclays Gave For 'downgrading' …

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Jan 4, 2024 · 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 analysts expect …

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Impending Struggles For Apple: Analyst Advocates Sell Amid …

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Oct 1, 2024 · Analyst Tim Long of Barclays maintained a Sell rating on Apple (AAPL – Research Report), retaining the price target of $186.00. ... Analyst Advocates Sell Amid iPhone 16 …

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Apple Stock Falls 3% As Barclays Says IPhone Weakness Will Persist ...

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Jan 2, 2024 · Apple stock (AAPL) 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. …

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Apple Stock Downgraded To 'Underweight' By Barclays - Yahoo …

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Jan 2, 2024 · Barclays analyst Tim Long downgraded Apple (AAPL) to "Underweight" and lowered his price target on the tech giant to $160 per share, citing 'soft' demand for the iPhone …

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FAQs about Apple stock down 3.6% as Barclays says iPhone weakness will persist Coupon?

Why did Barclays downgrade Apple stock?

(Updates to market close.) Apple Inc. got itself a new bear as expectations of soft demand for its latest iPhone prompted analysts at Barclays Plc to downgrade the stock. Shares fell 3.6% on Tuesday, their biggest one-day percentage drop since September, and the decline erased more than $107 billion in market value. ...

Why did Barclays downgrade iPhone 15?

The moves came after Barclays downgraded the iPhone maker and lowered its price target for shares of the company on fears of slowing iPhone 15 sales in China. “We are still picking up weakness on iPhone volumes and mix, as well as a lack of bounce-back in Macs, iPads and wearables,” Barclays analyst Tim Long wrote in a note Tuesday. ...

Why did Barclays cut Apple's stock rating?

Apple started the new year on a sour note Tuesday after analysts at Barclays cut the company’s stock rating over concerns about softening sales demand for its flagship iPhone. The analysts cited recent sales checks that showed weaker demand in China, as well as developed markets. Barclays downgraded its rating for Apple to “underweight.” ...

Could Apple's stock be downgraded?

That could come to an end. Barclays analyst Tim Long cited two concerns for downgrading Apple’s stock: Weak iPhone sales — particularly in China. Long noted disappointing iPhone 15 sales foreshadowed slow iPhone 16 and broader hardware sales. ...

What do Barclays analysts expect from Apple stock?

The company now has its most bearish recommendations in two years. Barclays analysts expect weakness in iPhone volumes and mix, as well as little growth in Macs, iPads, and wearables. Apple's demand slowdown and performance in China are concerns. Barclays slightly lowered its price target for Apple stock. ...

Why did Barclays drop a price target for Apple stock?

Apple's demand slowdown and performance in China are concerns. Barclays slightly lowered its price target for Apple stock. The note highlights continued iPhone weakness, stagnant growth in Mac and iPad segments, deceleration in Services, and diminishing returns on the Apple ecosystem. ...