UBS Cuts iPhone Sales Forecast, AAPL Slides

Published: 02 January 2025
on channel: Schwab Network

484

An analyst from UBS revised its Apple (AAPL) iPhone sales forecast down 2%, citing declining demand and falling market share in China. Jeff Pierce expects investors are "largely staying positive" despite Thursday's downturn, but he's also "getting a little bit nervous" with Apple's valuation at an all-time high.

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