"Apple's Market-Cap Plummets by $100 Billion Amid iPhone Sales Concerns"
Apple's market cap plummeted by over $100 billion following a downgrade by Barclays analyst Tim Long, who cited weak iPhone demand and lackluster features in the upcoming iPhone 16 as reasons for the underweight rating. This rare negative rating, alongside broader tech market weaknesses, geopolitical tensions, and regulatory challenges, has contributed to investor concerns and a significant drop in Apple's stock price.