Apple shares fell below the $3 trillion mark for the first time since late November, as weak demand expectations for its latest iPhones prompted analysts at Barclays to downgrade the stock.
Barclays analysts lowered their weight rating and price target for Apple to $160 from $161, meaning a 17 percent decline over the next 12 months. While the stock fell by up to 1.4 percent in pre-market trading in the United States, yesterday, Tuesday.
Source (Al-Arabiya.net website, edited)
