"Apple's Market Woes Deepen with Downgrade and iPhone Sales Concerns as Shares Hit New Low"

Apple's stock experienced a significant drop after Barclays downgraded the company due to persistent iPhone sales weakness, particularly in China. The analyst predicts that the trend will continue with the iPhone 16, as it is not expected to have major upgrades. Apple's services business is also facing challenges, including regulatory pressures on App Store practices and its deal with Google. Despite these issues, Apple's upcoming AR/VR headset, the Vision Pro, could represent a new opportunity for growth in the tech industry.