According to estimates by IDC and Canalys, overall iPhone market share fell 1% year over year in Q4 to 23% despite the broader market for smartphone shipments increasing by 3%. Apple kicked off its big AI push in October, releasing the first raft of its Apple Intelligence updates.

Jefferies Financial Group downgraded shares of Apple (NASDAQ:AAPL – Free Report) from a hold rating to an underperform rating in a research note issued to investors on Tuesday, MarketBeat reports. Jefferies Financial Group currently has $200.

Apple Inc. was downgraded to perform from outperform at Oppenheimer, in the latest sign of caution building ahead of the company’s results.

Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple.

Update: The story was updated with Loop Capital's rating action on Apple and stock price movement. Jefferies downgraded Apple's (NASDAQ:AAPL) rating to Underperform from Hold noting that it expects results and guidance to miss estimates. In addition ...

In a rare move, analysts at Jefferies downgraded one of the largest companies in the world, Apple (NASDAQ: AAPL), to underperform. Wall Street analysts are known for being bullish, so underperform and sell ratings tend to make up only a small percentage of overall analyst ratings.

Costfoto / NurPhoto via Getty Images Apple shares fell Tuesday after Jefferies downgraded the stock to an “underperform” from “hold” on Monday. Jefferies noted that flagging iPhone sales ...

Jefferies analysts downgraded Apple (NASDAQ:AAPL) stock to Underperform from Hold, reducing the price target to $200.75 from $211.84, signaling a potential 13% downside. The downgrade reflects concerns over Apples

Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 4.1% in the morning session after Jefferies analyst Edison Lee downgraded the stock's rating from Hold to Sell, and echoed concerns about weak iPhone sales.

The bosses of the magnificent seven tech companies, which drove the S&P 500′s more than 50 per cent surge over the past years on Wall Street, turned out in force for US president Donald Trump ’s swearing-in ceremony in Washington on Monday.

See the 10 stocks » Jefferies and Loop take Apple down a notch Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple. Jefferies analyst Edison Lee downgraded Apple ...

Apple was downgraded by not one but two Wall Street sell-side analysts, as preliminary figures for the December quarter suggest disappointing iPhone sales. Jefferies and Loop take Apple down a ...