JPmorgan again pessimistic for Apple share

• JPMorgan lowers the course target for Apple
• weaker iPhone demand
• purchase recommendation remains

The Apple share has lost around 20 percent over the year. Compared to other tech companies such as Nvidia or Microsoft – even the Tesla share, which is because of the proximity of company boss Elon Musk had been well punished on the market, has so far been held at the level of the iPhone manufacturer in 2025.

Analyst lowers the price target for Apple share

The strong downward trend of the Apple share has now also prompted Samik Chatterjee, analyst at JPMorgan, to adapt his price target down. Instead of $ 240, he now only trusts the NASDAQ title $ 230. In a customer notification from which “Investors.com” quoted, the market expert emphasized that he will see a declining demand driver for Apple in the second half of the year. He refers in particular to the upcoming iPhone 17, for whose market launch he has reduced his expectations. He justified his increasing pessimism with the fact that there were preferred effects because some used customs -related price increases wanted to avoid the further course of the year. This is likely to put a strain on demand for the new, expected in autumn.

Added to this is the macroeconomic uncertainty that continues to be on the US tech giant: “Our more pessimistic assessment of the volume view for the iPhone 17 series is in line with our unchanged expectations of a stronger cycle for the iPhone 18 series with the introduction of a foldable smartphone and other progress in the long-awaited and delayed AI functions,” said Chatterjee loudly Investors.com.

Can foldable iPhones boost demand again?

There are other reasons that the demand for the most successful Apple product has recently decreased. On the one hand, the competition on the market is getting bigger, and Apple devices in the past cycles have hardly been able to come up with innovative functions. The AI ​​trend has been eaten far too long at Apple, foldable smartphones, as Samsung has had in its range for a few years now, are not to come in 2026. Many observers expect that this can boost the demand for iPhones how successful foldable, which is likely to be located in the premium price segment, remains to be seen.

Until then, investors have apparently identified few reasons for purchase for the Apple share, as a look at course development shows. And even with JPMorgan, there are increasing doubts, even if analyst Sam Chatterjee has retained his purchase recommendation for Apple despite the price target reduction.

Editor finance.net

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