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      Loop Capital Downgrades Apple Amid iPhone Shipment Concerns

      Loop Capital has downgraded Apple Inc. from a Buy to a Hold rating, citing concerns over iPhone shipments. The investment firm has also reduced its price target for the company's stock from $370 to $330.

      Recent supply chain checks indicate that Apple is unlikely to recover 13 million iPhone shipments that were previously cut from its plans for 2026. As a result, Loop Capital now anticipates that Apple will ship 79 million iPhones in the December quarter, significantly lower than the Wall Street expectation of 85 million units.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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