"Apple's Shares Plunge Following Barclays' 'Sell' Recommendation"

Apple Inc.'s stock experienced its largest drop in four months following a downgrade to 'sell' by Barclays analyst Tim Long, who cited disappointing iPhone 15 sales and a general weakness in Apple's hardware sales, including Macs, iPads, and wearables. Long adjusted his price target for Apple's stock to $160, indicating a potential 14.6% decline, as he anticipates continued sales struggles and advises investors to be cautious with the stock that had outperformed in 2023 despite revenue misses.