Wednesday, January 3, 2024

Apple Sheds $100 Billion in Market Cap as Barclays Predicts 'Lacklustre' iPhone 16: Report

https://ift.tt/LEnvx3H shares closed 3.58 percent lower on Tuesday and over $100 billion (roughly Rs. 8,33,210 crore) of the iPhone maker's market value was erased after Barclays downgraded the company's shares to "underweight" and price target by $1 (roughly Rs. 83). The brokerage has highlighted soft demand for the iPhone 15 series along with challenges facing Apple in China such as...

from Gadgets 360 https://ift.tt/7d0ugCX

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