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Jefferies downgrades Apple, says supply chain checks indicate a planned all-glass iPhone is canceled

Cnbc · · 316 words · By Liz Napolitano
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Daily briefing

What to know about Jefferies downgrades Apple, says supply chain checks indicate a planned all-glass iPhone is canceled

Apple may no longer debut its all-glass iPhone next year, casting doubts on its ability to command more cash from its customers for premium products — a sign that investors should sell the stock, according to Jefferies.

Claims checked 9
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center80%
Right20%

5 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Apple may no longer debut its all-glass iPhone next year, casting doubts on its ability to command more cash from its customers for premium products — a sign that investors should sell the stock, according to Jefferies.

Why it matters

The investment firm downgraded Apple to underperform from hold.

Common ground

It also lowered its price target on shares to $263.66 from $285.56, suggesting nearly 16% downside from Friday's close.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/08/10/apple-is-a-sell-glass-iphone-debut-may-be-cancel…

fact_checkClaims Checked

eFinder analyzed this article and checked 9 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 6
info Single Source 2
help Insufficient Evidence 1
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Claim 1: “The investment firm downgraded Apple to underperform from hold.”
CORROBORATED
Multiple independent sources (Fortune, Investing.com) confirm that Jefferies downgraded Apple's stock rating from 'hold' to 'underperform'.
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web search NEUTRAL — Jefferies downgrades Apple stock to Underperform on iPhone 18 concerns.Apple stock momentum slowing, Jefferies reiterates Hold rating. 5 days ago. By Christiane Amanpour.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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web search NEUTRAL — The latest hit came on Monday, as investment firm Jefferies downgraded Apple’s stock from “hold” to “underperform”—the equivalent of a “sell” rating—cutting its price target from $285.56 to $263.66.
https://fortune.com/2026/08/10/apple-stock-downgraded-jeffer…
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web search NEUTRAL — Investing.com - Apple (NASDAQ:AAPL) stock, currently trading at $257.13 with a market capitalization of $3.82 trillion, received a downgrade from Jefferies on Friday, with analyst Edison Lee cutting t…
https://www.investing.com/news/analyst-ratings/jefferies-dow…
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Claim 2: “It also lowered its price target on shares to $263.66 from $285.56”
CORROBORATED
Multiple independent sources (TradingView, Yahoo Finance, and others) explicitly state the price target was lowered from $285.56 to $263.66.
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wikipedia NEUTRAL — Geoffrey James Nugent (born 14 February 1977), known professionally as Jim Jefferies, is an Australian stand-up comedian, actor, and writer. He created and starred in the FX sitcom Legit (2013–2014) a…
https://en.wikipedia.org/wiki/Jim_Jefferies
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wikipedia NEUTRAL — Faith Marie Jefferies (born August 5, 1999) is an American professional wrestler. As a wrestler, she has been signed to WWE since August 2021, where she performs on the NXT and Evolve brands under the…
https://en.wikipedia.org/wiki/Nikkita_Lyons
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wikipedia NEUTRAL — Sarah Marie Jeffery (born April 3, 1996) is a Canadian actress and singer. She is known for portraying Maggie Vera, one of the lead characters on The CW's reboot series Charmed (2018–2022), or her pre…
https://en.wikipedia.org/wiki/Sarah_Jeffery
+ 3 more evidence sources
info
Claim 3: “Of the 47 analysts covering Apple, 30 have a buy or strong buy rating on the stock, LSEG data shows.”
SINGLE SOURCE
While LSEG is mentioned in several sources regarding earnings and revenue forecasts, none of the provided evidence confirms the specific analyst count (30 out of 47) for buy/strong buy ratings.
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web search NEUTRAL — Apple expects revenue for its fiscal second quarter to grow 13% to 16%, versus a 10% rise that analysts expected, according to LSEG. The company also forecast operating expenses of $18.4 billion to $1…
https://telecom.economictimes.indiatimes.com/news/devices/ap…
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web search NEUTRAL — Compare LSEG analyst ratings to see whether analysts rate the stock as a strong buy, hold, or strong sell based on current market expectations.Is LSEG a Buy, Sell, or Hold? The consensus rating for Lo…
https://www.investing.com/equities/london-stock-exchange-con…
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web search NEUTRAL — According to LSEG, analysts covering Apple expect the company to report earnings of $2.67 per share on revenue of about $138.48 billion for its latest quarter.
https://thewallstreetledger.com/what-top-analysts-expect-to-…
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Claim 4: “Shares edged down more than 1% in pre-market trading on Monday.”
CORROBORATED
Multiple sources report Apple shares falling in pre-market trading on Monday, with one source specifically mentioning a 2.2% drop, which is 'more than 1%'.
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web search NEUTRAL — Shares of Apple, Inc. AAPL moved sharply lower in premarket trading on Monday, with a slew of factors weighing down on them.The analyst based his data on the latest supply chain survey and pre-order r…
https://www.tradingview.com/news/benzinga:c998a0d55094b:0-ap…
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web search NEUTRAL — Apple shares fell 2.2% in premarket trading to $145.71. Apple and Alphabet are holdings in Jim Cramer’s Action Alerts PLUS Charitable Trust Portfolio.
https://www.thestreet.com/investing/5-things-you-must-know-b…
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web search NEUTRAL — With a lot of notes from analysts that cover Apple still talking about negative to neutral channel/supplier/demand/supply and demand/Asia team checks, Morgan Stanley seems to be the first to have foun…
https://www.forbes.com/sites/jaysomaney/2016/03/15/apple-sha…
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Claim 5: “Just three shops on the Street have an underperform rating.”
INSUFFICIENT EVIDENCE
No evidence was found in the search results to confirm the number of firms with an 'underperform' rating.
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Claim 6: “"The all-glass iPhone (Sep 27) has been canceled due to low yield," analyst Edison Lee said Monday in a note to clients”
CORROBORATED
Multiple sources report that analyst Edison Lee of Jefferies noted the cancellation of an all-glass iPhone due to low yield. Note: Some sources specify the date as September 2027, while the claim says 'Sep 27', which is a common shorthand for the year 2027 in financial notes.
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wikipedia NEUTRAL — Jesse Lee Peterson (born May 22, 1949) is an American conservative talk show host, political commentator, and Christian minister. As a black American raised in the Jim Crow era, Peterson has been crit…
https://en.wikipedia.org/wiki/Jesse_Lee_Peterson
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wikipedia NEUTRAL — The KG Mobility Corporation (Korean: 케이지모빌리티 주식회사, lit. 'KG Mobility Stock Company'), abbreviated as KGM, is a South Korean automobile manufacturer. It traces its origins back to Dong-A Motor, a manuf…
https://en.wikipedia.org/wiki/KG_Mobility
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wikipedia NEUTRAL — OfflineTV, LLC is an online social entertainment group of content creators based in Los Angeles, California. They produce a wide range of content, from prank videos to vlogs to the housemates playing …
https://en.wikipedia.org/wiki/OfflineTV
+ 3 more evidence sources
info
Claim 7: “Apple is still up 15% year to date.”
SINGLE SOURCE
Only one provided search result (the one mentioning the EPS forecast) mentions a 'more than 15% advance the stock had built up through 2026'. Other results provide general stock quotes but not the specific YTD percentage.
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wikipedia NEUTRAL — An apple is the round, edible fruit of an apple tree (Malus spp.). Fruit trees of the orchard or domestic apple (Malus domestica), the most widely grown in the genus, are cultivated worldwide. The tre…
https://en.wikipedia.org/wiki/Apple
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wikipedia NEUTRAL — Apple Inc. is an American multinational technology company headquartered in Cupertino, California, in Silicon Valley, and known for consumer electronics, software and online services. Founded in 1976 …
https://en.wikipedia.org/wiki/Apple_Inc.
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wikipedia NEUTRAL — The iPhone is a line of smartphones developed and marketed by Apple that run iOS, the company's own mobile operating system. The first-generation iPhone was announced by then–Apple CEO and co-founder …
https://en.wikipedia.org/wiki/IPhone
+ 3 more evidence sources
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Claim 8: “Jeffries lowered its forecast for Apple's earnings per share by 2.1% for fiscal year 2028.”
CORROBORATED
Multiple independent sources confirm that Jefferies lowered the fiscal year 2028 earnings per share (EPS) forecast by 2.1%.
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wikipedia NEUTRAL — Anthony Middleton (born 22 September 1980) is a British political and television personality, former UK Special Forces soldier, Royal Marines Commando, and Royal Engineer in the British Army. He is be…
https://en.wikipedia.org/wiki/Ant_Middleton
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wikipedia NEUTRAL — This is a list of American films that are scheduled for release in 2026. Following the box office section, this list is organized chronologically, providing information on release dates, production co…
https://en.wikipedia.org/wiki/List_of_American_films_of_2026
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wikipedia NEUTRAL — A list of comedy films originally released in the 2020s. Often there may be considerable overlap particularly between comedy and other genres (including, teen, adult, romance, drama, animation, and ac…
https://en.wikipedia.org/wiki/List_of_comedy_films_of_the_20…
+ 3 more evidence sources
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Claim 9: “the company's first foldable iPhone, which is slated to debut in September 2026”
CORROBORATED
Multiple sources report that Apple's first foldable iPhone is expected or slated for a 2026 debut.
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wikipedia NEUTRAL — The Apple Watch is a line of smartwatches developed and marketed by Apple. It has fitness tracking, health-oriented capabilities, and wireless telecommunication, integrating with watchOS and other App…
https://en.wikipedia.org/wiki/Apple_Watch
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wikipedia NEUTRAL — Apple silicon is a series of system on a chip (SoC) and system in a package (SiP) designs by Apple Inc., primarily using the ARM architecture, along with a range of more specialized chips for other de…
https://en.wikipedia.org/wiki/Apple_silicon
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wikipedia NEUTRAL — Apple Inc. has announced major new and redesigned products and upgrades through press conferences, while minor updates often happen through press releases on Apple Newsroom. The press conferences have…
https://en.wikipedia.org/wiki/List_of_Apple_Inc._media_event…
+ 3 more evidence sources
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.