2 weeks ago

Jefferies Downgrades Apple as All-Glass iPhone Reportedly Cancelled

Jefferies Downgrades Apple as All-Glass iPhone Reportedly Cancelled
Jefferies Downgrades Apple Stock: Here’s what led to the bearish call · financialexpress.com

Jefferies, a financial research firm, became more negative about Apple’s stock.

It says Apple may have canceled a special iPhone made mostly of glass.

The phone was expected in September 2027 and would have been very expensive.

Without it, Apple may have less ability to raise iPhone prices.

Jefferies also says memory chips are becoming more expensive, which could reduce Apple’s profits.

A foldable iPhone might help Apple sell more expensive phones instead.

However, the firm expects the foldable model to sell in relatively small numbers.

Jefferies lowered its price target for Apple shares.

The report says Apple also lacks a strong artificial-intelligence reason for customers to upgrade right now.

Key facts

Jefferies rating
Underperform (hold)
Reportedly canceled product
A special 20th-anniversary all-glass iPhone expected in September 2027
Projected iPhone ASP CAGR
Reduced from 9.0% to 6.8% for fiscal 2026–2031
Estimated all-glass iPhone price
Approximately $2,060
Foldable iPhone forecast
14 million units in fiscal 2028, according to Jefferies
Apple price target
$263.66, down from $285.56
Memory-cost response
Apple announced nearly 20% price increases for Mac and iPad products on June 25, but not for iPhone

Sources

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