Apple Stock (AAPL) Gets Rare Barclays Sell as Soft iPhone Demand, AI Doubts Split Wall Street
Barclays reiterated a Sell rating on Apple with a $248 price target, citing soft iPhone unit trends, even as Apple shares rose 2.8% to $253.65 Tuesday. The stock remains about 6% below its Jan. 2 close. Apple is testing new Siri features and saw China smartphone sales rise 23% in early 2026. Bulls cite stronger China demand, while bears warn AI upgrades may not drive a major replacement cycle.