Why One Analyst Is Concerned the Day Before Apple's Earnings Report

Key TakeawaysApple stock has surged roughly 40% over the past nine months, with a majority of analysts issuing a "buy" or equivalent rating.However, Oppenheimer analysts downgraded the company Wednesday, cutting its iPhone sales estimate over the next 12 to 18 months.Apple is facing greater competition in China, and its Apple Intelligence rollout has underwhelmed, Oppenheimer said. Shares of Apple (AAPL) have surged roughly 40% over the past nine months, but one analyst said it’s time to tap the brakes ahea ...