Jefferies has downgraded Apple Inc (AAPL) to Underperform from Hold, effective October 2, 2025. The current share price stands at $269.89.
This move underscores increased caution regarding the company's outlook, potentially reflecting concerns about competitive pressures, market conditions, or execution risks that could impact performance.
Apple Inc, headquartered in Cupertino, California, is a leading multinational technology company known for its consumer electronics, software, and online services. Its hardware products include the iPhone, iPad, Mac, and Apple Watch, while its software offerings encompass macOS, iOS, and various productivity applications. The company boasts a market capitalisation of $4,050.8 billion and a price-to-earnings ratio (P/E) of 36.16, with an earnings per share (EPS) of 7.46 and a dividend yield of 38.7%.
Upcoming earnings are scheduled for July 29, 2026, with an estimated EPS of $1.74 and revenue of $101.3 billion. Analyst consensus remains a Buy, with 15 Strong Buy, 23 Buy, 17 Hold, 2 Sell, and no Strong Sell ratings as of November 1, 2025. Recent earnings performance has shown a mix of surprises, with Q4 2025 reporting an EPS of $1.85 compared to an estimate of $1.81, reflecting a 2.4% surprise.
Analyst ratings and price targets are based on research and financial models, providing a professional perspective on the company's potential. However, they should be considered alongside company fundamentals, competitive positioning, and industry trends when making investment decisions. Analyst opinions can vary and are subject to change as new information emerges.