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Apple has run out of iPhone shapes, and Jefferies just cut it to sell

Jefferies cut Apple from hold to underperform on Monday. That is the banks equivalent of a sell rating. It also cut its price target from $285.56 to $263.66. Fortunes Sebastian Herrera reported the call. The banks supply-chain checks produced three reasons. Apple has cancelled a rumoured all-glass iPhone, memory prices are surging, and there is [] This story continues at The Next Web

11 Aug 2026 12:22 am