What’s behind Apple’s $110 billion market-cap loss today? A major downgrade that has investors worried about slowing iPhone sales is the key culprit
After surging roughly 50% to a record high in 2023, a rare rating downgrade from Wall Street helped push Apple stock down more than 4% on Tuesday, shaving over $110 billion from the tech giant’s market cap. Barclays analyst Tim Long tagged Apple with an “underweight” rating due to weak iPhone…
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