Apple Stock Drops As Growth Outlook Called Anemic To Negative

Apple stock fell Tuesday after a Wall Street firm lowered its estimates for the company's March quarter following sales-channel checks that showed lower iPhone sales and weakness in China.X Needham analyst Laura Martin cut her estimates for Apple's fiscal second quarter, but maintained her buy rating on Apple stock. She noted that the consumer electronics giant faces significant headwinds."Apple's anemic and/or negative growth outlook, along with expected cost increases to fund GenAI (generative artificial ...