Jefferies Downgrades Apple Stock Amid Canceled All-Glass iPhone Plans

Jefferies, a prominent Wall Street investment bank, downgraded Apple's stock rating to 'sell' due to supply chain concerns.

The decision stems from Jefferies' evaluation of Apple's plans for an all-glass iPhone, which was initially expected for release in 2027 but has now been canceled.

Analyst Edison Lee stated that the cancellation is a significant setback for Apple's ambition to introduce higher-priced iPhones in a market burdened by escalating memory costs.

The revised supply chain insights suggest that Apple intended to promote the all-glass design across its entire iPhone lineup, extending its appeal from the base model to the more lucrative Pro and Pro Max variants.