QualityStocksNewsBreaks – Apple Inc. (NASDAQ: AAPL) Faces Price Target Reduction Amid Siri Upgrade Delays
Apple (NASDAQ: AAPL) has experienced a reduction in its stock price target by Morgan Stanley, now set at $252, down from $275. Analyst Erik Woodring attributes this adjustment to delays in the rollout of advanced AI features for Siri, which were anticipated to drive iPhone upgrades in fiscal year 2026. Woodring now forecasts that Apple will ship approximately 230 million iPhones in 2025, consistent with 2024 figures, and expects a 6% increase to 243 million units in 2026. Consequently, revenue and earnings-per-share estimates for fiscal 2026 have been reduced by 5% to 6%. As of 1:02 PM EST on…