Apple shares slip as Oppenheimer downgrades on 'weaker outlook'
Investing.com -- Apple shares slipped around 1.2% in premarket trading after Oppenheimer downgraded the stock from Outperform to Perform, citing a "weaker outlook" for iPhone sales and growing competition in China. The firm also removed its previous $250 price target, highlighting concerns about Apple’s valuation and near-term growth prospects.