Apple gets rare downgrade from Needham over earnings risks, more

Newly released aluminium iPhone 16 pro mockup set with back and front angles

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Apple (NASDAQ:AAPL) was in focus on Wednesday as investment firm Needham downgraded the tech giant — a rarity on Wall Street — amid concerns over earnings growth, iPhone competition and more.

Shares fell 0.4% in premarket trading.

“Despite AAPL’s premium

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