Adam received his master's in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7,

Those who are waiting for Apple Intelligence to fully roll out and decide on which iPhone to upgrade to will be able to consider the new iPhone SE alongside the iPhone 16 Pro and iPhone 16 Pro Max. Based on the current evidence, Apple could be on to a winner with the SE, but the disappointing iPhone 16 Pro will take a hit in sales once more.

Apple stock retreated amid a Jefferies downgrade to hold on views iPhone 16 sales will disappoint despite new AI software features.

Recently, Apple unveiled its latest phone, the iPhone 16. While it will provide users with a phone that is ready for artificial intelligence (AI) features, it may not be all that exciting. But looks can be deceiving, and early accounts are that the new iPhone is doing just fine. Here's why it could be a big growth catalyst for the business.

Key Takeaways Jefferies downgraded Apple to "hold" from "buy," saying expectations for sales of the iPhone 16 and 17 are too high.However, the bank raised its price target by nearly $8.The analysts told clients in order to have "serious" artificial intelligence capabilities,

Apple (NASDAQ:AAPL) shares slipped 1.3% in premarket trading on Monday as Jefferies downgraded the tech giant, citing iPhone expectations that are "too high." "We like Apple Intelligence [long-term],