J.P. Morgan trims Apple stock target to $230 citing iPhone & Services weaknesses

J.P. Morgan has lowered its Apple stock price target, warning that iPhone demand may be slowing down after a wave of early purchases and weaker interest in the upcoming models.The iPhone 16 product familyIn a note to investors seen by AppleInsider, J.P. Morgan has lowered its price target for Apple from $240 to $230. The new price target reflects tempered expectations for revenue and earnings over the next 18 months.The firm pointed to softer demand projections for the upcoming iPhone 17 lineup. Also noted is broader economic pressures that could weigh on consumer spending. Continue Reading on AppleInsider | Discuss on our Forums