Apple downgraded on earnings eve on slower iPhone sales, China share loss: Oppenheimer
Apple (NASDAQ:AAPL) was downgraded to Perform from Outperform by Oppenheimer, one day before the tech giant releases its first quarter fiscal 2025 financial results and outlook. The investment firm also removed its $250 price target on the stock as it pointed to reduced estimates for iPhone sales over the next 12 to 18 months.