Apple Gets Another Downgrade on iPhone Risk Ahead of Results
- Oppenheimer cites China risk and a lack of compelling AI apps
- Stock gained amid DeepSeek volatility but remains down in 2025
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Apple Inc. was downgraded to perform from outperform at Oppenheimer, in the latest sign of caution building ahead of the company’s results.
This is at least the fifth downgrade Apple has received this month, following cuts from Jefferies, MoffettNathanson, Loop Capital, and DBS Bank. The cuts cement Apple’s status as the least-loved megacap except Tesla Inc.