Apple cancels all-glass iPhone; Jefferies downgrades to Underperform
Apple has scrapped its planned 20th-anniversary all-glass iPhone due to poor production yields, according to Jefferies supply-chain checks. The firm downgraded Apple to Underperform and cut its price target to $263.66, citing limited pricing power and rising memory costs.
News sentiment15 · Strongly bearish
Market impact70/100
Event statedeveloping
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