Forecasts for weak iPhone sales and a weaker update of new artificial intelligence features prompted strategists led by Edison Lee to lower the rate to Underperform from Hold.
Brian Swint is the Acting Deputy Bureau Chief at Yahoo Finance. He specializes in finance, trading, personal finance, and the dynamic fields of crypto and blockchain, with a keen focus on markets, AI, oil & gas, and aviation. Brian's insights and analyses are featured in prominent outlets including Barron's, MarketWatch, and Yahoo News.