Apple Stock Price: There may be a decrease in the demand for iPhone in the coming days, due to which the stock price of iPhone manufacturing company Apple may have to suffer and the stock may fall in the coming days. Barclays has downgraded Apple’s stock, due to which there are chances of a fall in the stock.
According to Bloomberg’s report, Barclays believes that there may be a slowdown in demand for Apple’s iPhone. Barclays analysts, led by Tim Long, have reduced Apple’s rating to Underweight and reduced the price target from $161 to $160 and it is believed that the stock will rise by 17 percent in the next one year. There may be a decline. After this report by Barclays, Apple’s stock is trading with a decline of 1.4 percent in premarket trade on Tuesday, January 2, 2024.
Barclays wrote in its note, despite disappointing in several quarters, the stock has performed well but now a change may be seen. It was said in the note that our stance regarding the volume of iPhone 15 is negative and we will not see any features or upgrades in iPhone 16 so that we can say that it is better.
Last year, Apple’s shares have seen a jump of 50 percent and its market value has increased to 3 trillion dollars. Investors believed that despite the global economy being in crisis, there would be strong demand for Apple’s devices. But questions are being raised whether the past performance of the stock will continue. While Apple is facing a tough challenge from China’s Huawei, the Chinese government is tightening its grip on foreign device companies.
read this also
