Jefferies cuts AAPL target to $263.66, downgrades to Underperform
Analyst firm Jefferies has downgraded Apple stock to underperform alongside a price cut, because the firm believes Apple has cancelled its all-glass design for the still-unannounced iPhone 20. iPhone 20 is probably going to look more like a third-generation iPhone Air Apple has a lot going on to be concerned about. RAM pricing will just get worse , SSD flash cells are a year away from relief, and so forth. One firm thinks that they have a bigger problem than all that. Analyst Edison Lee of Jefferies is concerned that the iPhone 20 will not be an all-glass device. Continue Reading on AppleInsider | Discuss on our Forums
What happened?
Analyst firm Jefferies has downgraded Apple stock to underperform alongside a price cut, because the firm believes Apple has cancelled its all-glass design for the still-unannounced iPhone 20. iPhone 20 is probably going to look more like a third-generation iPhone Air Apple has a lot going on to be concerned about. RAM pricing will just get worse , SSD flash cells are a year away from relief, and so forth. One firm thinks that they have a bigger problem than all that. Analyst Edison Lee of Jefferies is concerned that the iPhone 20 will not be an all-glass device. Continue Reading on AppleInsider | Discuss on our Forums
Story details
Analyst firm Jefferies has downgraded Apple stock to underperform alongside a price cut, because the firm believes Apple has cancelled its all-glass design for the still-unannounced iPhone 20.
iPhone 20 is probably going to look more like a third-generation iPhone Air Apple has a lot going on to be concerned about.
RAM pricing will just get worse , SSD flash cells are a year away from relief, and so forth.
Why it matters
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