HomeMarketsU.S. Economy & JobsAAPL Downgraded 3 Times Since Start Of 2024 & MSFT Just Below All-Time Highs

AAPL Downgraded 3 Times Since Start Of 2024 & MSFT Just Below All-Time Highs

Redburn Atlantic downgraded Apple (AAPL) to neutral from buy. The analyst notes that they expect the iPhone to return to growth in 2024 and “anticipated underwhelming” March quarter. Kevin Hincks discusses this as Apple has been downgraded three times since the start of 2024. The Redburn Atlantic analyst highlighted that Apple’s rising regulatory risk may impact the ability to monetize its ecosystem. Hincks also looks at Microsoft (MSFT) as its trading just below all-time high levels. Tune in to find out more about the stock market today.

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10 Jan 2024

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