Loop Capital Downgrades Apple on Missing 13 Million iPhone Shipments

Earnings10 hours ago

Apple's unit volume for the December quarter will likely reach only 79 million handsets, which is below the 85 million anticipated by Wall Street analysts. This forecast by Loop Capital follows data indicating the company cannot recover 13 million shipments previously removed from its 2026 plans. As a result, the firm downgraded the stock rating to Hold from Buy and lowered its price target to $330 from $370.

The rating revision is based on supply chain checks suggesting a slower sales growth trajectory for iPhones than investors have currently modeled. Loop Capital's adjustments reflect a gap between actual shipment volumes and the aggressive projections previously used to value the company's primary hardware revenue driver.

Mapped to your portfolio

Possible scenarios

40%Demand Miss Confirmed-0.6%
28%Weakness Proves Manageable+0.2%
17%Pricing Response Arrives+0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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Loop Capital Downgrades Apple on Missing 13 Million iPhone Shipments

In this story

Apple Loop Capital Markets

$AAPLApple, Inc.

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

40%Demand Miss Confirmed-0.6%
28%Weakness Proves Manageable+0.2%
17%Pricing Response Arrives+0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.