Barclays downgraded Apple (AAPL) to underweight, highlighting that the iPhone 15 has been “lackluster” and the iPhone 16 should be the same. The analyst also notes that the company’s other hardware categories should remain weak. They expect a “reversion” in 2024 after a year when most quarters were missed and the stock outperformed. Renita Young discusses this story. Tune in to find out more about the stock market today.
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