Apple hits seven-week low after Barclays downgrade on demand concerns

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Apple (AAPL) stock selloff extends on second rating downgrade this week

January 4, 2024 5:00 AM EST

Apple (NASDAQ: AAPL) shares are down 4.3% in the first trading week of 2024 after Barclays cut the tech giant's rating, citing weak demand for iPhone 15.

The stock is down a further 0.6% in pre-market Thursday after Piper Sandler analysts also lowered the rating as new... More