Loop Capital downgrades Apple to Hold as iPhone shipment outlook weakens
Loop Capital reduced its Apple price target from $370 to $330. The firm expects Apple will not recover an estimated 13 million iPhone shipments removed from second-half 2026 plans, according to MacRumors, reversing its earlier view that memory and processor shortages had delayed shipments until 2027.
- Apple's staggered release schedule complicates the forecast, according to AppleInsider.
Covered by 2 publishers within 18 hours of the first report.
Reporting2
AppleInsider Loop Capital cuts AAPL target to $330 over complicated 2026-2027 iPhone cycle · Andrew Orr
MacRumors Loop Capital Cuts Apple Rating Over iPhone Sales Outlook · Hartley Charlton