Apple stock downgraded by Jefferies, which says 'serious AI' smartphones are 2 years away
Apple stock was downgraded by Jefferies. The investment firm cited concerns over too-high expectations for the iPhones 16 and 17, and analysts said "serious" AI smartphone tech won't exist for another two to three years.
Apple dips as Jefferies says hopes for AI phone are overblown
“The high expectations for iPhone 16/17 are premature,” as “a lack of material new features and limited AI coverage mean high market expectations (5%-10% unit growth) are unlikely to be met,” wrote Jefferies analyst Edison Lee, who assumed coverage of the stock with a hold rating. The firm previously had a buy rating.
Apple’s stock draws a downgrade as AI optimism may be very premature
A Jefferies analyst says it will take time for smartphone technology to truly support AI. That means sales expectations for the iPhone 16, and perhaps even the iPhone 17, may be too high.
Apple Stock Gets a Downgrade. Why AI Won’t Sell Many iPhones Yet.
Apple Intelligence—the company’s brand of AI—will start rolling out this month but Jefferies analyst Edison Lee doesn’t expect it to significantly boost iPhone sales.
‘Time to Downgrade,’ Says Jefferies About Apple Stock
Apple (NASDAQ:AAPL) has been the latest to the AI game among tech giants, but it is now hoping to make the most of the opportunity with its Apple
Apple Stock Downgraded On Views iPhone 16 Sales Will Disappoint
Apple stock retreated amid a Jefferies downgrade to hold on views iPhone 16 sales will disappoint despite new AI software features.
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Apple's 'Serious' AI Push with Apple Intelligence Delayed Until 2027, Analyst Warns
Apples ambitious AI initiative, Apple Intelligence, wont offer serious capabilities until 2026 or 2027, according to analyst ...
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The Brilliant Mind Of Edison Lee
This feeling of uneasiness/worry gradually abates as the day progresses. A lost item is found. Cosmic tip: Show appreciation towards those who simplify everyday life, helping achieve daily plans ...
Live updates: Roadways flood, bridges close, no school in Lee County Friday
Hurricane Helene is moving up and through the Gulf of Mexico. This blog provides the latest impacts and development in Lee County.
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$1.5 Million Edison Scholars Program Accepting Applications
STEM students are encouraged to apply for a $50,000 scholarship High school seniors passionate about science, technology, engineering or math (STEM) are encouraged to apply for the Edison ...
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See homes sold in the Edison area, Sept. 23 to Sept. 29
During this period, the median sale for the area was a 1,928-square-foot home on Freeman Street in Edison that sold for $585,000. Edison 77 Liddle Ave., Edison, $295,000, 958 square feet, $308 ...
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Growth Equity Firm Edison Partners Leads $20M Investment in K1x
Growth equity investment firm Edison Partners today announced leading a $20 million growth investment in K1x, a leading SaaS financial technology comp ...
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Of Note: Edison Partners provides $20M in growth equity funding
Growth equity investment and venture capital firm Edison Partners has announced it led a $20 million investment in K1x, a Morristown, N.J.-based software-as-a-service financial technology company.
Hurricane Helene leaves flooding and damage in Lee County
Hurricane Helene spared Southwest Florida a direct hit but caused significant flooding and damage across Lee County.