Apple Analyst Slashes Price Forecast On Weak iPhone Demand, AI Revenue Despite Less Tariff Risk
1. Jefferies upgraded AAPL to Hold but lowered price target to $167.88. 2. iPhone shipment forecasts cut by up to 7.7% for fiscal years 2025-2027. 3. Potential $50-$100 price hike for future iPhone models due to rising costs. 4. EPS estimates lowered below consensus for fiscal 2025-2027 amid recession risks. 5. Apple faces headwinds in AI smartphone market and potential tariff impacts.