Apple Shares Face Analyst Skepticism Following iPhone 17 Unveiling

Wall Street analysts delivered a notably tepid response to Apple’s September 9th product launch event, with several firms downgrading their outlook on the tech giant’s stock. The newly unveiled iPhone 17 lineup, including an ultra-thin iPhone Air model and updated Pro versions, failed to generate the anticipated enthusiasm among market experts, raising questions about Apple’s innovation trajectory.

Within days of the keynote presentation, DA Davidson removed its buy recommendation for Apple shares. The firm characterized the new offerings as “uninspired,” citing a lack of compelling reasons for consumers to upgrade their devices. This assessment was followed by even more bearish moves from other analysts.

Phillip Securities took a more aggressive stance by downgrading Apple to “Reduce” with a... Read more...