Needham downgrades Apple over AI risks, limited iPhone replacement cycle

MacDailyNews
Jun 4, 2025, 10:05 am209 ptsTrending
Needham lowered Apple’s stock rating from buy to hold, joining other firms in adopting a more cautious stance. Analyst Laura Martin cites risks such as intense competition and sluggish growth, alongside a valuation that appears high across multiple metrics. Ryan Vlastelica for Bloomberg News: ‎ “For this stock…

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