Apple, the most valuable stock in the world, was slipping early Tuesday after analysts at Jefferies downgraded its shares.

Apple is currently the worst-performing stock of its "Magnificent Seven" Big Tech peers, down roughly 18% for the year. The company has faced lagging sales in China and a sluggish smartphone market.

Jefferies analyst Edison Lee downgraded Apple stock from Buy to Hold, citing concerns over inflated expectations for its new AI-enabled iPhones. Lee said smartphone hardware is not yet advanced ...

Apple stock gets downgraded on competition and valuation concerns. Tariffs and regulation risks also paly into an analyst downgrading the stock. Ready to turn the market’s comeback into steady ...

Seven of the almost 50 analysts who regularly follow Apple's stock have downgraded it this year. That leaves a large group of analysts who potentially could join this group of seven, and whose ...

See more: Why Wall Street downgrades of Apple stock are about to pile up The analysts said Apple faces increasing "threats to its iPhone and services revenue streams," and could see revenue and ...

Apple's shares are declining, marking a weak performance among the Magnificent Seven with a 19% year-to-date drop. Wall Street is concerned about grow ...

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies ...