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Apple Loses Stock Crown as iPhone Sales Turn a Worry
Mint Kolkata
|January 23, 2025
Jefferies analyst Edison Lee writes that recent weakness in iPhone sales has been worse than expected
Apple Inc. received a pair of analyst downgrades, in the latest sign that soft iPhone sales are becoming an increasing concern for investors, as artificial intelligence fails to act as a hoped-for growth catalyst.
Shares fell 3.2% on Tuesday, closing at its lowest since November amid a rocky start to the year. The stock is down 11% in January, putting it on track for its biggest one-month decline since December 2022. It has dropped 14% from a December peak.
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