
Loop Capital Downgrades Apple Stock Over Revenue Concerns
Apple's stock has been downgraded by Loop Capital analyst Ananda Baruah from buy to hold due to signs of slowing demand for iPhone handsets, which could impact Apple's June-quarter performance. Baruah also downgraded Apple chip supplier Cirrus Logic from buy to hold. Apple appears to have reduced its June-quarter iPhone builds and shipments by about 10% in the last six weeks to 34.2 million units, but has raised its iPhone production for the September quarter ahead of the iPhone 15 launch.










