Jefferies Downgrades Apple Stock: Here’s what led to the bearish call
Jefferies has downgraded Apple (AAPL) stock to ‘Underperform (hold)’, and the firm points to one big letdown behind the move: the special 20th-anniversary all-glass iPhone, expected in September 2027, has reportedly been cancelled.
The downgrade follows Jefferies’ supply chain checks, which indicated that the all-glass iPhone has been canceled due to low yield, marking a significant setback for Apple’s plans to introduce higher-priced models amidst rising memory costs.
