Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement 
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth 
Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal 
Ferrari Group to Launch IPO in Amsterdam, Targets Over $1 Billion Valuation 
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges 
Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’ 
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings 
Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations 
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales 
Do investment tax breaks work? A new study finds the evidence is ‘mixed at best’ 
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth 
Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case 
Elon Musk Signals Intel 14A Chips for Tesla’s Terafab AI Semiconductor Venture 
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition 
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand 
DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals 
Investors Brace for Market Moves as Trump Begins Second Term 
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 Apple's fiscal Q1 2025 earnings and guidance, with analysts predicting the company will miss its revenue growth target of 5% and guide for low single-digit growth in Q2.
The bearish outlook stems from weak iPhone sales and subdued expectations for the iPhone 17 and 18, driven by “slower AI uptake and commercialization.” Jefferies revised their Q1 iPhone shipment forecast to a 2% decline from a 1% growth, citing a 4% year-over-year drop in shipments according to IDC data. Demand in China has reportedly dropped sharply, while other markets may see marginal growth.
Other Apple products like iPads and MacBooks face challenges amid a sluggish consumer electronics market. Optimism for Chinese demand is dampened by new government policies limiting subsidies for most iPhone models. Additionally, demand for the SE4 could fall short, competing against used iPhone 13/14 models rather than Android alternatives.
Jefferies also flagged a subdued outlook for smartphone AI, noting that US consumers find the feature less useful. Delays in Apple’s advanced packaging roadmap for AI capabilities further raise concerns. Analysts believe AI monetization challenges could slow iPhone upgrade cycles despite potential new form factors.
Jefferies slashed Apple’s earnings per share (EPS) estimates for FY25 and FY26 by 2% to 23%, with projections now 4% below consensus. These factors, combined with slower AI adoption, contribute to the cautious outlook for Apple's growth trajectory.
