Jefferies Downgrades Apple Over Canceled All-Glass iPhone Plans

Jefferies, a well-known investment bank and financial services company, has downgraded its rating on Apple (AAPL) stock. The reason behind this decision is that supply chain checks conducted by Jefferies indicate that Apple's planned all-glass iPhone may be canceled.

According to the source, this news could have significant implications for investors who are holding onto Apple shares.

No specific details were provided in the report about why the all-glass iPhone was canceled or what alternatives Apple might pursue instead. However, it's worth noting that Apple has been working on several new products and features recently, including a rumored 2024 iPhone with a titanium frame.