Apple’s stock declined on Monday after Jefferies downgraded the company to a “hold” rating. The investment firm cited concerns about disappointing iPhone 16 sales, despite the introduction of new artificial intelligence features. Analyst Edison Lee cited these concerns as the basis for the downgrade. Reinhardt Krause for Investor’s Business Daily:
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Monday, October 7, 2024
Jeffries analyst claims iPhone 16 sales will disappoint despite new AI features
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