According to estimates by IDC and Canalys, overall iPhone market share fell 1% year over year in Q4 to 23% despite the broader market for smartphone shipments increasing by 3%. Apple kicked off its big AI push in October, releasing the first raft of its Apple Intelligence updates.

Jefferies Financial Group downgraded shares of Apple (NASDAQ:AAPL – Free Report) from a hold rating to an underperform rating in a research note issued to investors on Tuesday, MarketBeat reports. Jefferies Financial Group currently has $200.

Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple.

Apple Inc. was downgraded to perform from outperform at Oppenheimer, in the latest sign of caution building ahead of the company’s results.

Jefferies analyst Edison Lee maintained a Sell rating on Apple (AAPL – Research Report) today and set a price target of $202.33. The company’s

Update: The story was updated with Loop Capital's rating action on Apple and stock price movement. Jefferies downgraded Apple's (NASDAQ:AAPL) rating to Underperform from Hold noting that it expects results and guidance to miss estimates. In addition ...

Wall Street analysts appeared to breathe a sigh of relief after Apple's first quarter earnings modestly beat analysts’ forecasts and the company’s explanation of falling iPhone sales in China eased their anxieties.

Jefferies analysts downgraded Apple (NASDAQ:AAPL) stock to Underperform from Hold, reducing the price target to $200.75 from $211.84, signaling a potential 13% downside. The downgrade reflects concerns over Apples

EST Apple (AAPL) falls 2% to $225.04 after Jefferies cuts to sell, Loop to holdInvest with Confidence: Follow TipRanks' Top Wall Street

See the 10 stocks » Jefferies and Loop take Apple down a notch Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple. Jefferies analyst Edison Lee downgraded Apple ...

Apple was downgraded by not one but two Wall Street sell-side analysts, as preliminary figures for the December quarter suggest disappointing iPhone sales. Jefferies and Loop take Apple down a ...

Despite the concerns raised, Lee suggested that Apple stock might show resilience in the near term. He attributed this potential stability to two factors: reduced risks of China tariffs and a lower risk profile compared to the AI hardware supply chain.