Apple Stock Slumps as Analysts Express Concerns Over iPhone Demand

Apple (AAPL) is facing challenges as analysts downgrade the stock, highlighting worries about declining iPhone sales and slow AI adoption. Here are the key points:

– Both Jefferies and Loop Capital have downgraded Apple, with Jefferies establishing a bearish $200.75 price target.
– According to supply chain analyst Ming-Chi Kuo, shipments are expected to decline 6% year over year for the first half of 2025.
– Analysts anticipate Apple falling short of its 5% revenue growth target for Q1.
– The consensus rating stands at 4.02/5, marking the lowest level since May.
– AAPL shares have dropped by 3.2% today, following an 11% decline in January.
– Looking at the daily chart, we can see that AAPL is nearing the line-in-the-sand 200-period moving average.

Despite these hurdles, some analysts hold a positive outlook on Apple’s future, emphasizing the extensive iOS ecosystem and potential in consumer AI.

As Apple gears up to announce Q1 earnings on January 30, attention is focused on iPhone sales data and forthcoming guidance.