Shares of Apple (NASDAQ:AAPL) are experiencing a notable downturn, with the stock down over 14% and entering correction territory due to a series of analyst downgrades. After a substantial 16.7% gain from November to December, the company's stock has seen a rapid decline as analysts express concerns ahead of the upcoming quarterly earnings report on January 30, 2025. The frequent downgrades, including recent calls from Loop Capital and Jefferies, have led many investors to have bleak expectations for the upcoming quarter, raising concerns about Apple's standing in the tech market.
Shares of Apple have plummeted into correction territory, driven by a wave of analyst downgrades just ahead of their upcoming quarterly earnings report.
The stock's remarkable recovery from late 2023 has been undone in weeks, raising concerns about its future performance as it approaches earnings season.
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