Barclays issued a research report on Apple, maintaining an Underweight rating and a price target of $173, expressing skepticism about Apple’s growth prospects.
Barclays raises concerns about iPhone being 'ex-growth,' risks in Apple's Services segment, and downplays the impact of newer products like Macs, iPads, and wearables on the stock performance.
Barclays remains bearish on Apple despite the stock's underperformance this year, highlighting Apple's decline from its all-time high in 2024.
MacDailyNews emphasizes the significance of the iPhone over other products, criticizing Barclays' bearish stance and highlighting Tim Cook's leadership.