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

Apple (NASDAQ:AAPL) shares continue to decline following a Jefferies downgrade to Underperform from Hold, driven by concerns about slowing iPhone demand and broader consumer electronics headwinds. The firm also cut its price target to $200.75 from $211.84.

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.

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 also lowered the price target on the shares to $200.75 from $211.84. Jefferies analysts led by Edison Lee said that they have lowered forecasts driven by weak iPhone sales and the general consumer electronics market and Jefferies' reduced outlook ...

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

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.

A high-flying young tech banker with the boutique investment firm Jefferies died over the weekend, sources briefed on the matter have told The Post. Carter McIntosh, 28, joined the bank’s Dallas ...

Jefferies downgraded Apple (AAPL) to Underperform from Hold with a price target of $200.75, down from $211.84. The stock closed Friday up $1.72

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

According to the findings, both iPhone 17 and 18 performed below expectations, AI adoption grew more slowly than hoped, and Apple expected iPhone market share to decrease by 2% in Q1 2025. China's cut to device subsidies will lead to reduced iPhone demand in 2023.

Apple Inc. (NASDAQ: AAPL) shares are trading higher Friday after the company reported better-than-expected first-quarter earnings.