"Apple Faces Market Turbulence as iPhone 16 Launches Amid Diminished Demand and Analyst Skepticism"

Barclays analysts predict a 17% drop in Apple's stock price to $160 by 2025, downgrading the stock to "underweight" due to weak iPhone sales, particularly in China. The downgrade follows a period of sluggish sales across Apple's product range, including Macs, iPads, and wearables. Despite Apple's significant growth in 2023, Barclays suggests a lack of new products and a weaker macroeconomic environment will challenge the company's growth in the coming years. Apple's stock fell 3.5% after the announcement.