Barclay’s has downgraded Apple stock to underweight with a price target of $160 (currentvprice is $185).
The downgrade is due to a belief in lowered iPhone demand as there’s little reason to upgrade. I’m somewhat skeptical of this since this gets trotted out every year yet people keep ordering the latest iPhone as soon as it’s announced.
It’s as reliable as the sun rising in the east and setting in the west.
https://www.bloomberg.com/news/articles/2024-01-02/apple-gets-a-new-bear-as-barclays-warns-on-cooling-iphone-demand
Dare Obasanjo /
npub1l4…exuhy
2024-01-03 02:12:15
Author Public Key
npub1l4l93jaluhcmp24qqhsnz0wv4ld4lnyv5h09k2p7cssrjn5zwflscexuhyPublished at
2024-01-03 02:12:15Event JSON
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"content": "Barclay’s has downgraded Apple stock to underweight with a price target of $160 (currentvprice is $185). \n\nThe downgrade is due to a belief in lowered iPhone demand as there’s little reason to upgrade. I’m somewhat skeptical of this since this gets trotted out every year yet people keep ordering the latest iPhone as soon as it’s announced.\n\nIt’s as reliable as the sun rising in the east and setting in the west.\n\nhttps://www.bloomberg.com/news/articles/2024-01-02/apple-gets-a-new-bear-as-barclays-warns-on-cooling-iphone-demand",
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