Jefferies downgraded Apple stock to Underperform, citing challenges in launching higher-priced iPhones and lifting average selling prices. The firm revealed Apple canceled a planned all-glass iPhone model for 2027 due to poor production yields, which was expected to have a retail price around $2,060. This cancellation hinders Apple's margin expansion efforts, leaving the foldable iPhone 18 Fold as the main premium product, priced between $2,199 and $3,099. Rising memory costs and changes in trade-in values also pose risks to Apple's product economics and demand dynamics.
On July 29, 2026, Vanguard changed the benchmark index for its Growth ETF (VUG) from the CRSP US Large Cap Growth Index to the Morningstar US Large Cap Growth Index following Morningstar's acquisition of CRSP. The fund's investment strategy and holdi...
Apple shares trade around $305, supported by aggressive buybacks and a growing Services segment, but face pressure from high valuation and supply chain challenges. The company posted strong revenue growth of 16% year-over-year, yet the stock has pull...
Apple reported a record $30.7 billion in Services revenue for the June quarter, up 12% year-over-year, driven by strong iPhone sales and the global rollout of an enhanced Siri AI assistant. CEO Tim Cook expressed high enthusiasm for Siri AI, which is...
Apple has submitted a new proposal for commissions on purchases made through external links in iOS apps, suggesting a 15% fee for standard apps and reduced rates for small developers and special programs. Small businesses would pay 5%, while particip...
Jefferies downgraded Apple stock to sell amid concerns over high valuation, a modest recent quarter, and the cancellation of an all-glass iPhone. However, Apple’s AI advancements, including on-device AI and personalized intelligence, are seen as key ...
