"Apple Faces Wall Street Chill with Multiple Downgrades Amid iPhone Concerns"

Apple's stock has faced downgrades from Barclays and Piper Sandler due to concerns over weakening iPhone demand and a challenging macro environment in China. Despite a decline in iPhone revenue and other hardware sales, Apple's services business continues to grow, reaching $85 billion in 2023. However, this segment faces potential regulatory scrutiny. Apple's stock performance has lagged behind other tech giants, and its cautious approach to AI may contribute to Wall Street's cooling interest. While Apple's integration of AI into products is subtle, competitors are more aggressively marketing their AI advancements, potentially leaving Apple behind in the tech race.