"Apple Faces Market Turbulence as iPhone 16 Launches Amid Diminished Demand and Analyst Skepticism"
TL;DR
Barclays analysts predict a 17% drop in Apple's stock price to $160 by 2025, downgrading the stock to "underweight" due to weak iPhone sales, particularly in China. The downgrade follows a period of sluggish sales across Apple's product range, including Macs, iPads, and wearables. Despite Apple's significant growth in 2023, Barclays suggests a lack of new products and a weaker macroeconomic environment will challenge the company's growth in the coming years. Apple's stock fell 3.5% after the announcement.
Topics:businessbusiness-and-finance##apple#barclaysdowngrade#business-and-finance#iphonedemand#stockmarket#techstocks
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- Analyst: here's how iPhone 16 will compare to iPhone 15 9to5Mac
- Apple iPhone 16: Expert Slams 'Little…Difference' Of Next iPhones Forbes
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