• Apple's stock has seen a significant decline, dropping 13% this year and experiencing its largest three-day drop since November 2022. The company is facing multiple headwinds, including tariff uncertainties and a slowdown in iPhone demand, particularly with the upcoming iPhone 16. Analysts express concerns over Apple's high valuation relative to its slower revenue growth, which is expected to be less than half of the overall tech sector's growth rate. The company's premium pricing and lack of innovative product launches have led to a diminished perception as a safe haven for investors.

• The ongoing geopolitical risks, particularly related to tariffs imposed by the U.S. on China, pose a substantial threat to Apple's operations, as approximately 17% of its revenue comes from the greater China region. Analysts predict that these tariffs could impact Apple's operating margins and sales growth significantly. Additionally, the indefinite delay of the AI-infused Siri assistant raises questions about Apple's competitiveness in the AI space, further complicating its growth prospects. Investors are now more cautious, with fewer analysts recommending the stock compared to its peers.