Buzz-Apple falls, Jefferies downgrades on anniversary iPhone concerns
AAPL•Analyst view and recent stock performance
- Average rating of 47 analysts is "buy", their median PT is $330 - data compiled by LSEG
- Up to last close, AAPL has risen 15.3% YTD
Jefferies downgrades Apple on anniversary iPhone concerns
- Apple's AAPL.O shares fall 1.3% to $309.16 premarket
- Jefferies downgrades to "underperform" from "hold", cuts PT to $263.66 from $285.56, implying a 15.9% downside to stock's last close
- Brokerage's supply-chain checks indicate AAPL has canceled the 20th anniversary all-glass iPhone model, supposed to be launched in September 2027, due to poor production yield
- Jefferies estimates the phone would have had a blended retail average selling price of $2,060; now expects the foldable iPhone to be the only key driver of higher selling prices and margin
