Apple stock hit with two downgrades on weak iPhone sales, AI outlook

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Apple stock hit with two downgrades on weak iPhone sales, AI outlook

Yahoo Finance01-22

Jefferies analyst Edison Lee downgraded the investment bank's rating on Apple's (AAPL) stock to Underperform and decreased his price target on Apple stock by 13% to $200.75 on Monday. Loop Capital ...

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Loop Capital ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apple-stock-hit-with-two-downgrades-on-weak-iphone-sales-ai-outlook-180001454.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple stock hit with two downgrades on weak iPhone sales, AI outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple stock hit with two downgrades on weak iPhone sales, AI outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-22 02:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apple-stock-hit-with-two-downgrades-on-weak-iphone-sales-ai-outlook-180001454.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Jefferies analyst Edison Lee downgraded the investment bank's rating on Apple's (AAPL) stock to Underperform and decreased his price target on Apple stock by 13% to $200.75 on Monday. Loop Capital ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apple-stock-hit-with-two-downgrades-on-weak-iphone-sales-ai-outlook-180001454.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOOGL","symbol_name":"谷歌A","start_time":0,"source_url":"https://finance.yahoo.com/news/apple-stock-hit-with-two-downgrades-on-weak-iphone-sales-ai-outlook-180001454.html","article_id":"2505202651","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505202651","pubTimestamp":1737482401,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Jefferies analyst Edison Lee downgraded the investment bank's rating on Apple's  stock to Underperform and decreased his price target on Apple stock by 13% to $200.75 on Monday. Loop Capital also downgraded Apple's stock from Buy to Hold, with a revised price target of $230, down from $275.In an investor note, Lee said he expects Apple to report lower than expected results for its December quarter and a miss on expectations for the second quarter on weak iPhone sales and a lack of interest in AI among consumers.Apple isn’t just dealing with trouble in China. Overall iPhone market share fell roughly 1% year-over-year in Q4 to 23%, according to estimates by Canalys and IDC. That’s despite the fact that smartphone shipments rose 3%, Canalys reports.Apple’s iPhone is its most important product, and China is among its most important sales region","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate","earning"],"viewcount":null,"language":"en","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌","META":"Meta Platforms, Inc.","MSFT":"微软","AAPL":"苹果"},"translate_title":"由于iPhone销售疲软和人工智能前景，苹果股价两次下调评级","themeId":"3d25723edd33157983e97593bd4b78c5","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1,"GOOG":0.9,"GOOGL":0.9,"META":0.9,"MSFT":0.9},"content_text":"Jefferies analyst Edison Lee downgraded the investment bank's rating on Apple's (AAPL) stock to Underperform and decreased his price target on Apple stock by 13% to $200.75 on Monday. Loop Capital also downgraded Apple's stock from Buy to Hold, with a revised price target of $230, down from $275.\nIn an investor note, Lee said he expects Apple to report lower than expected results for its December quarter and a miss on expectations for the second quarter on weak iPhone sales and a lack of interest in AI among consumers.\nShares of Apple fell as much as 3.7% midday on Tuesday. The stock is up 16% over the last 12 months. Big Tech rivals Meta (META) and Alphabet (GOOG, GOOGL) are up some 36% and 30%, respectively, over the last year, while Microsoft (MSFT) is up just 3.5%. The broader S&P 500 has climbed 20% in the same period.\n\nAccording to Lee, iPhone sales in China fell between 15% and 20% year-over-year. Apple is contending with a number of headwinds in the region including the continued ascendence of local offerings from Huawei and Xiaomi and cautious consumer spending amidst a slower economic backdrop.\nApple isn’t just dealing with trouble in China. Overall iPhone market share fell roughly 1% year-over-year in Q4 to 23%, according to estimates by Canalys and IDC. That’s despite the fact that smartphone shipments rose 3%, Canalys reports.\nJefferies forecasts that iPhone revenue will decline 0.4% year-over-year for the first quarter, while total Apple sales will grow 2.8%, lower than the firm’s prior estimate of 4.6%.\nPart of Apple’s issue, Lee contends, is that the company’s big push into AI isn’t panning out as investors had hoped. Apple Intelligence, Apple’s artificial intelligence platform for the iPhone, iPad, and Mac was expected to kick off a sales super cycle. But if IDC and Canalys estimates prove correct, it will throw cold water on the AI sales boost.\n\n\n\n  Apple CEO Tim Cook (C) seen behind US President Donald Trump (R) and US Vice President JD Vance (L) after the two were sworn into office at an inauguration ceremony in the rotunda of the United States Capitol in Washington, DC, USA, 20 January 2025. Trump’s planned outdoor inauguration ceremonies and events are being held inside today due to a forecast of extreme cold temperatures. SHAWN THEW/Pool via REUTERS\n \n\n  via REUTERS / Reuters\n \n\nApple began rolling out Apple Intelligence in batches in October. It’s a risky move for Apple, which generally debuts its latest and greatest products and services at one time via big, splashy launch events. That makes it difficult for customers to know when the platform will feature all of the capabilities Apple initially promised when it debuted Apple Intelligence in June 2024.\nAI smartphones, and their counterpart AI PCs, are struggling to gain traction despite a massive sales push from tech giants ranging from Apple and Google to Microsoft and Intel.\nApple’s iPhone is its most important product, and China is among its most important sales regions. In 2024, the iPhone accounted for $201.1 billion of Apple’s $391 billion in total revenue. The company’s second largest business segment, its Services division, brought in $96.1 billion.\nChina, however, has proven to be a persistent area of trouble for Apple over the last two years. Sales in the region declined 8% in 2024, falling to $66.9 billion, and 2% in 2023. At the time, Apple blamed weakness in the Renminbi versus the dollar and lower iPhone and iPad sales.\nAccording to Bloomberg’s Mark Gurman, Apple will debut a new iPhone SE in the coming months, which could help goose overall sales in the mid-range smartphone market. The company is also set to roll out new entry-level iPads and new MacBook Airs, which could drive improved sales in the segments.\nApple will report its first quarter earnings after the bell Jan. 30.\n\n\n\n   Sign up for Yahoo Finance's Week in Tech newsletter.\n  \n\n   yahoofinance\n  \n\nEmail Daniel Howley at dhowley@yahoofinance.com. Follow him on Twitter at @DanielHowley.\nClick here for the latest technology news that will impact the stock market\nRead the latest financial and business news from Yahoo Finance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}