Despite being the company’s “best quarter ever,” Apple missed iPhone revenue expectations. The tech giant reported $69.1 billion in net sales for the iPhone, while analysts had expected $70.7 billion, according to FactSet.

Jefferies Financial Group downgraded shares of Apple (NASDAQ:AAPL – Free Report) from a hold rating to an underperform rating in a research note issued to investors on Tuesday, MarketBeat reports. Jefferies Financial Group currently has $200.

Apple Inc. was downgraded to perform from outperform at Oppenheimer, in the latest sign of caution building ahead of the company’s results.

Apple (NASDAQ:AAPL) shares continue to decline following a Jefferies downgrade to Underperform from Hold, driven by concerns about slowing iPhone demand and broader consumer electronics headwinds. The firm also cut its price target to $200.75 from $211.84.

Jefferies also lowered the price target on the shares to $200.75 from $211.84. Jefferies analysts led by Edison Lee said that they have lowered forecasts driven by weak iPhone sales and the general consumer electronics market and Jefferies' reduced outlook ...

Wall Street analysts appeared to breathe a sigh of relief after Apple's first quarter earnings modestly beat analysts’ forecasts and the company’s explanation of falling iPhone sales in China eased their anxieties.

A high-flying young tech banker with the boutique investment firm Jefferies died over the weekend, sources briefed on the matter have told The Post. Carter McIntosh, 28, joined the bank’s Dallas ...

In a rare move, analysts at Jefferies downgraded one of the largest companies in the world, Apple (NASDAQ: AAPL), to underperform. Wall Street analysts are known for being bullish, so underperform and sell ratings tend to make up only a small percentage of overall analyst ratings.

Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple.

Shares of Apple (AAPL), the most valuable publicly traded company in the world, have received a rare “sell” rating from a prominent Wall Street firm. Concerns over weak iPhone sales have led analysts at Jefferies Financial Group (JEF) to downgrade

According to estimates by IDC and Canalys, overall iPhone market share fell 1% year over year in Q4 to 23% despite the broader market for smartphone shipments increasing by 3%. Apple kicked off its big AI push in October, releasing the first raft of its Apple Intelligence updates.

Jefferies analysts downgraded Apple (NASDAQ:AAPL) stock to Underperform from Hold, reducing the price target to $200.75 from $211.84, signaling a potential 13% downside. The downgrade reflects concerns over Apples