Apple Stock Drops. Why This Analyst Joined the Downgrade Parade. - Barron's

1. Oppenheimer downgraded AAPL to Perform from Outperform, influenced by lower iPhone sales. 2. Analysts cut fiscal 2025 and 2026 revenue and earnings estimates below consensus. 3. Stronger competition in China and lack of innovative apps cited as growth challenges. 4. AAPL stock slipped 0.9% amid overall gains of 28% in the past year. 5. Upcoming fiscal-first-quarter earnings report could further affect AAPL’s price.