Jefferies downgrades Apple after company cancels plans for Twentieth Anniversary all-glass iPhone

MacDailyNews
Aug 10, 2026, 9:00 am207 ptsTrending
Apple shares faced fresh pressure on Monday after Jefferies cut its rating on the tech giant to Underperform from Hold, citing worries about the company’s ability to sustain higher average selling prices for iPhones amid production setbacks and rising costs. Analyst Edison Lee lowered the firm’s price target…

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