CAT 
Investment analysts at Barclays say that the 2024 iPhone 16 range won’t reverse what it sees as falling iPhone demand, and consequently has lowered its stock price target.
Mockup of a possible iPhone 16
Mockup of a possible iPhone 16
Barclays has only cut its Apple price target by a dollar — from $161 to $160 — but it calls the stock underweight and has no expectation of it improving.
“We expect reversion after a year when most quarters were missed and the stock outperformed,” said Barclays analysts in a note to investors. “Our checks remain negative on volumes and mix for iPhone 15, and we see no features or upgrades that are likely to make the iPhone 16 more compelling.”
Barclays says iPhone 16 won’t be compelling
Barclays says iPhone 16 won’t be compelling
