<ul data-eligibleForWebStory="false"><li>Jefferies analyst upgraded Apple stock to Hold from Underperform, citing potential for an earnings beat.</li><li>Analyst focuses on China, estimating a 10% rise in iPhone sales for the first two months of the June quarter, driven by discounts.</li><li>Lee predicts an 8% revenue increase for Apple in the quarter, exceeding company guidance; expects a 6% drop in iPhone shipments in the September quarter due to lack of new features and AI impact.</li><li>Analyst sets a price target on Apple shares at $188.32; anticipates positive momentum to be short-lived.</li></ul>

Jefferies upgrades Apple on potential for earnings beat

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