Apple Inc. shares dropped in premarket trading after a downgrade by Needham, citing concerns over the company’s growth prospects and position in the market. The downgrade reflects worries about AI risks and a potentially limited iPhone upgrade cycle, impacting Apple’s stock performance in 2025.
Apple Downgraded by Needham Over AI Risks and Limited iPhone Upgrade Cycle
Apple Inc. shares dropped in premarket trading after a downgrade by Needham, citing concerns over the company's growth prospects and position in the market. The downgrade reflects worries about AI risks and a potentially limited iPhone upgrade cycle, impacting Apple's stock performance in 2025.