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Apple dips after Kuo warns of ‘more challenging hurdles in 2025’

Shares of Apple (AAPL) are down nearly 3% to $236.15 in Friday afternoon trading after noted analyst Ming-Chi Kuo warned that the iPhone maker will “encounter more challenging hurdles in 2025, including nearly stagnant iPhone growth.” Based on the analyst’s latest industry research, he argues 2025 iPhone shipments may fall 8%-10% below consensus, Kuo stated in a Medium post earlier today. There is “no evidence” of Apple Intelligence driving hardware upgrades or service revenue, added the analyst at KGI Securities.

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