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The downgrade questions whether Apple has enough product and AI momentum to support its premium expectations.

Jefferies cites supply-chain checks that suggest the company may have dropped plans for a high-end all-glass iPhone and lowered expected average selling price growth.
Analyst Edison Lee cut his price target to $263.66, suggesting roughly 16% downside from Apple's most recent close
Klarna Group (NYSE:KLAR) is providing the leasing and financing backbone for Apple's new Apple Upgrade program in the United States. The partnership integrates Klarna into one of Apple's core hardware ownership offerings, expanding Klarna's exposure to US Apple customers. The role places Klarna more directly in consumer electronics financing beyond its existing buy now, pay later services. This kind of tie up is only one way to gain exposure to stable consumer themes. It can be useful to...
Yahoo Finance Tech Editor Dan Howley breaks down Jefferies' downgrade of Apple (AAPL) to 'underperform' following reports of a canceled all-glass iPhone, while evaluating potential price increases for upcoming models.
Tim Cook recently acknowledged that consumers should expect to pay higher prices for Apple products in the near-future as the company can no longer absorb surging costs for memory and storage components. This situation, the CEO noted, has become unsustainable even though the company is doing its best to mitigate it. This pricing pressure has […]
Apple Inc (NASDAQ:AAPL, XETRA:APC) shares fell about 2% on Monday after Jefferies downgraded the stock to Underperform, citing challenges in Apple’s efforts to develop higher-priced iPhone models and lift average selling prices. Along with the rating downgrade, Jefferies lowered its price...
Apple's All-Glass iPhone Plan Hits a Wall: Jefferies Downgrades Stock
Apple (NASDAQ:AAPL) shares are in the red today amid reports that rising memory costs could result in higher prices for the iPhone 18, while a Jefferies report indicated disappointing prospects for an all-glass iPhone. However, Gene Munster, managing partner at Deepwater Asset Management, said in a recent program on CNBC that he still feels good […]

Yahoo Finance Markets and Data Editor Jared Blikre uses the AlphaSpace platform to take a closer look at some of Monday's trending stories: Apple (AAPL) getting a downgrade and Intel's (INTC) plan to raise $15 billion through stock offerings. Yahoo Finance's AlphaSpace is a premium investment platform that combines data, charting, news, analysis, and more to help retail investors understand markets.
Apple downgraded, HPE upgraded: Wall Street's top analyst calls
A Wall Street analyst on Monday downgraded Apple stock to the equivalent of a sell rating, citing issues with the company's upcoming iPhone smartphones.
Jefferies analyst Edison Lee believes Apple has scrapped its all-glass iPhone, citing supply chain checks.
Growth slowdown in services and high memory costs make the firm bearish on the company.
Amazon shares jumped 5% this morning, propelling the company to a $3.08 trillion market valuation. The gain comes on the heels of a 15% jump on Friday, when Amazon stock had its best day in years after investors liked what they saw in its latest report card.
Faster upgrades and more customers buying higher-priced devices are likely to be Apple's goals.
Apple's earnings report comes days after the company launched Apple Upgrade in the U.S.—a program that BofA Securities says could improve affordability for consumers and help the company wrestle some control from wireless carriers. As part of Apple Upgrade, customers now have one- or two-year leasing options for iPhones and Apple Watches, and two- or three-year options for Macs and iPads. Apple has long offered trade-ins and financing plans, but "the new structure packages those familiar mechanics into a broader platform spanning major hardware categories," wrote Wamsi Mohan, an analyst at BofA.
Klarna Group (NYSE:KLAR) has been selected as the leasing provider for Apple Upgrade, Apple's new hardware leasing program in the United States. The program supports financing for Apple hardware across in-store and online checkout channels. Klarna Group now sits inside a high-profile consumer hardware program with Apple Upgrade in the US. The stock closed at $18.71 and is down 1.7% over the past week, 7.8% over the past month, and 34.5% year to date. Those moves frame the Apple partnership...
Apple Inc (NASDAQ:AAPL, XETRA:APC) has rolled out Apple Upgrade nationwide in the US, a hardware-leasing program available through the company's online store, the Apple Store app and its retail locations. The program offers 12- and 24-month leasing terms for iPhone and Apple Watch, and 24-...
Apple is launching a device leasing program called 'Apple Upgrade' on July 28 in the U.S. to boost sales, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. The new service arrives as Apple has raised prices on its iPads, MacBooks and other devices except the iPhone, no longer able to shield customers from surging memory and storage chip costs driven by the AI industry's data-center buildout. Apple Upgrade will support most iPhone, Mac, iPad and Apple Watch models and the company is partnering with Klarna Group as the financial backer for the program, the report said.
Investing.com -- Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.
Apple isn't just counting on customers to keep buying iPhones. It also expects them to keep paying every month long after they've bought one. While Apple built its reputation selling cutting-edge devices, its fastest-growing profit engine has become Services, the business that keeps generating ...
New AI features could unlock massive upgrade demand
The firm said it expects a stronger product cycle ahead.
Wall Street Giant HSBC Makes Bullish Apple Bet on AI and New iPhones
The company is letting its Big Tech peers pony up for research and development and then is ready to swoop in to grab the best models when the dust settles.
Apple upgraded, Brinker initiated: Wall Street's top analyst calls
