Apple Stock Downgraded After iPhone 17 Reveals

Product & Design - New designs, colors, looks, and features are key drivers for phone sales [2][3] - The new iPhone 17 Pro and Pro Max are expected to attract customers due to their new look, camera improvements, and colors [4] - Apple executives are confident in the durability of the new iPhone, demonstrated by allowing a journalist to attempt to bend it [8][9] Market Sentiment & Trends - Wall Street sentiment on Apple hit a five-year low after the new product unveiling [1] - Design and new form factors are crucial for driving upgrades [2] - Functionality, specifically Apple Intelligence, is not yet a primary purchase driver, with significant impact expected in about a year [5][6] Apple Intelligence & Software - Apple's implementation and rollout of Apple Intelligence functionality have been subpar [5][6] - A revamped Siri is expected in March [7] Consumer Behavior - Consumers buy phones due to broken screens, desire for a new look, and degraded battery life [6][7] - The iPhone Air is expected to draw people into stores, even if they don't purchase it due to battery and camera limitations [4]