Technology
Apple Cut at Jefferies on iPhone Worries as Sell Ratings Pile Up
Key Points
Apple Cut at Jefferies on iPhone Worries as Sell Ratings Pile Up Apple Inc. was downgraded to an underperform rating at Jefferies, in the latest example of growing bearishness toward the company. Analyst Edison Lee is concerned about the outlook for the company’s iPhone, especially Apple’s ability to drive higher average selling prices (ASPs) over time.
Apple Cut at Jefferies on iPhone Worries as Sell Ratings Pile Up
Apple Inc. was downgraded to an underperform rating at Jefferies, in the latest example of growing bearishness toward the company.
Analyst Edison Lee is concerned about the outlook for the company’s iPhone, especially Apple’s ability to drive higher average selling prices (ASPs) over time.