Bearish
Apple shares drop 1.5% after Jefferies downgrades to 'Sell' over iPhone cancellation
Apple's stock declined by 1.5% following Jefferies' downgrade to 'Sell,' citing the cancellation of the all-glass iPhone, which was expected to boost average selling prices and profit margins. This development raises concerns about potential impacts on Apple's earnings and market position.
Key points
- Jefferies Downgrades Apple to 'Sell'
- Impact on Average Selling Price (ASP)
- Market Reaction
Sources
AI-generated from public news sources. Not financial advice.
