Apple(US:AAPL) Sou Hu Cai Jing·2025-06-27 00:01Group 1 - J.P. Morgan has lowered Apple's stock price target from $240 to $230, reflecting a cooling trend in revenue and profit expectations for the next 18 months [1] - The report indicates that early purchases to avoid U.S. tariff risks have weakened consumer upgrade desires, and the iPhone 17 series is expected to perform poorly due to limited hardware upgrades and insufficient innovation [1][3] - The forecast predicts that the production of the iPhone 17 series in 2025 will be approximately 9% lower than that of the iPhone 16 series in 2024, indicating a shift in sentiment regarding hardware growth expectations [3] Group 2 - The growth of Apple's services business is also anticipated to slow down, although further details were not provided [3] - Apple is taking a cautious approach to AI innovations, with a significant upgrade to Siri expected to launch in early 2026, marking a major shift in Apple's AI strategy [3] - Rumors suggest that a foldable iPhone may be introduced around the same timeframe, with production potentially starting in the second half of 2025 and a launch by the end of 2026, although some reports indicate a possible delay until 2027 [3]