Apple Inc (NASDAQ:AAPL)'s growth is likely to remain under pressure due to persistently soft demand in developed markets, according to UBS, which has downgraded its rating on shares in the tech titan to 'neutral' from 'buy'. The investment bank anticipates that iPhone sales will decrease by 1%-2% in the latter half of 2023, with procurement expected to drop by 8%.
Apple: Leading investment bank downgrades on growth concerns