<ul><li>Needham downgraded Apple's stock rating from buy to hold due to risks of intense competition, sluggish growth, and high valuation.</li><li>Analyst Laura Martin highlighted the absence of an iPhone replacement cycle in the next 12 months and Apple's lag in generative artificial intelligence innovations.</li><li>Speculations about the next-gen iPhone lineup for September 2025 include multiple models with advanced features like 120Hz ProMotion display, A19 chip, and improved cameras.</li><li>Counterpoint cut growth expectations for global smartphone shipments in 2025 to 1.9%, while Apple was named the 2025 Creative Marketer of the Year at the Cannes Lions International Festival of Creativity.</li></ul>

Needham downgrades Apple over AI risks, limited iPhone replacement cycle

Discover more