Apple shares slip nearly 3% after Barclays downgrade
Publishing timestamp: 2024-01-02 12:17:48
Summary
Apple shares fell nearly 3% after Barclays downgraded the stock and trimmed its price target. The downgrade was based on weakening iPhone 15 sales, which Barclays sees as a warning sign for iPhone 16 sales and broader hardware projections. The analyst also expects weakness in Apple's services business due to regulatory scrutiny.
Sentiment: NEGATIVE
Keywords: entertainment, technology, apple inc, breaking news: markets, breaking news, alphabet inc, iphone, china, earnings, business, tim cook, tim long, breaking news: technology, business news, markets,
Source: https://www.cnbc.com/2024/01/02/apple-stock-slips-more-than-2percent-after-barclays-downgrade.html