Jefferies Financial Group downgraded shares of Apple (NASDAQ:AAPL – Free Report) from a hold rating to an underperform rating in a research note issued to investors on Tuesday, MarketBeat reports. Jefferies Financial Group currently has $200.

In a rare move, analysts at Jefferies downgraded one of the largest companies in the world, Apple (NASDAQ: AAPL), to underperform. Wall Street analysts are known for being bullish, so underperform and sell ratings tend to make up only a small percentage of overall analyst ratings.

Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple.

Costfoto / NurPhoto via Getty Images Apple shares fell Tuesday after Jefferies downgraded the stock to an “underperform” from “hold” on Monday. Jefferies noted that flagging iPhone sales ...

Earlier today, it was reported that Apple's (NASDAQ: AAPL) iPhone sales fell 18.2% in China in the fourth quarter of 2024, while the resurgent Chinese rival Huawei Technologies took the top spot, according to Counterpoint Research. Apple is slated to report its fiscal first quarter results on Jan. 30.

EST Apple (AAPL) falls 2% to $225.04 after Jefferies cuts to sell, Loop to holdInvest with Confidence: Follow TipRanks' Top Wall Street

Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 4.1% in the morning session after Jefferies analyst Edison Lee downgraded the stock's rating from Hold to Sell, and echoed concerns about weak iPhone sales.

The bosses of the magnificent seven tech companies, which drove the S&P 500′s more than 50 per cent surge over the past years on Wall Street, turned out in force for US president Donald Trump ’s swearing-in ceremony in Washington on Monday.

Today, hit a new four-month low, following a report from Bloomberg indicating the company has seen an 18% slide in iPhone sales in China during the holiday season. The stock is also reeling from two downgrades by Loop Capital and Jefferies.

People in China consume a lot of apples on Christmas Eve, known in the country as "Peaceful Night," because the Mandarin word for "apple" sounds so close to ​​"peace." But Apple (AAPL) wasn’t as lucky in the Chinese market during the recent holiday season.

Apple got hit with downgrades from Jefferies and Loop Capital on fears of slowing iPhone sales and a lack of demand around Apple Intelligence.

Apple was downgraded by not one but two Wall Street sell-side analysts, as preliminary figures for the December quarter suggest disappointing iPhone sales. Jefferies and Loop take Apple down a ...