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Wednesday, October 21, 2026Updated 13:12 UTC

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Loop Capital Cuts Apple Rating Over iPhone Sales Outlook

Source: MacRumors · Oct 21, 2026 08:38 UTC

Illustration of the Sentinel-6 Michael Freilich satellite orbiting above Earth — Illustration NASA · Public domain · Source

The Quick Take

Loop Capital has lowered its rating on Apple from "Buy" to "Hold," saying the company is unlikely to make up an estimated 13 million iPhone shipments cut from its plans for the second half of 2026, according to Investing.com . The firm reduced its Apple stock price target from $370 to $330. Loop previously believed shortages of memory and processors had delayed shipments that Apple would recover i

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