Apple Downgraded After Quarterly Results Amid Trump Tariffs and iPhone Upgrade Cycle Concerns

Apple Inc. has been downgraded by two rating agencies following its recent quarterly results, which have heightened concerns about the impact of tariffs and the company's growth prospects. Analysts have expressed worries not only about the effects of tariffs imposed during the Trump administration but also about overly optimistic expectations regarding a major upgrade cycle for the iPhone. These developments have contributed to a decline in Apple’s share price as the company attempts to address investor concerns.