Jefferies cuts AAPL target to $263.66, downgrades to Underperform

Analyst firm Jefferies has downgraded Apple stock to underperform alongside a price cut, because the firm believes Apple has cancelled its all-glass design for the still-unannounced iPhone 20.iPhone 20 is probably going to look more like a third-generation iPhone AirApple has a lot going on to be concerned about. RAM pricing will just get worse, SSD flash cells are a year away from relief, and so forth. One firm thinks that they have a bigger problem than all that.Analyst Edison Lee of Jefferies is concerned that the iPhone 20 will not be an all-glass device. Continue Reading on AppleInsider | Discuss on our Forums