Apple’s (AAPL) Other Hardware Categories Should Remain Weak

Piper Sandler downgraded Apple (AAPL) to neutral from overweight. The analyst is concerned about handset inventories entering into 1H24 and feels that growth rates have peaked for unit sales. The analyst highlights that the company’s other hardware categories should remain weak. George Tsilis discusses the outlook for Apple. Apple is up over 45% year-over-year. Tune in to find out more about the stock market today.

Fast Market

08 Jan 2024

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