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via finance.yahoo.comBusiness & Companies

Apple at record high, but Jefferies flags slowing iPhone 18 demand

FROM THE WIRE · FINANCE.YAHOO.COM

Apple (AAPL) stock is trading at a record high, and the iPhone maker's market cap recently passed $5 trillion for the first time amid bullish expectations around demand for the new iPhone 18. But the optimism may be too much too quick, according to Jefferies analyst Edison Lee.…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishFor a mega-cap like Apple, order cuts and doubts on demand can weigh on the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Apple hit a record with its market cap passing $5 trillion for the first time.
  2. 02According to cited media reports, Apple cut its iPhone 18P/PM orders by 10-15%.
  3. 03Jefferies analyst Edison Lee says iPhone 18 demand has slowed.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Apple Inc.AAPLStock342.92 USD-0.71%today -0.16%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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