Apple Analyst Flags iPhone AI Struggles, Google Deal Risks

Apple Inc AAPL stock is trading lower Tuesday after MoffettNathanson analyst Craig Moffett downgraded Apple from Neutral to Sell and lowered the price target from $202 to $188, citing iPhone 16 models with artificial intelligence features failing to gain traction and geopolitical tensions with China. Additionally, Alphabet Inc’s GOOG GOOGL Google deal to pay Apple over $20 billion annually to make its search engine the default on iPhones is threatened by an antitrust lawsuit against Google. UBS’s David Vogt ...