"Apple Shares Tumble as Barclays Downgrade Signals iPhone Demand Concerns"

Barclays analysts have downgraded Apple's stock to "Underweight" and reduced the price target slightly to $160, citing negative checks on volumes and mix for the upcoming iPhone 15 and a lack of compelling features for the iPhone 16. Despite a minimal price target change, the market reacted significantly, reflecting broader concerns about Apple's valuation and the sustainability of its stock performance amidst weakening demand for its flagship product.