Apple released a software update for iOS 17 aimed at fixing a bug that was causing the new iPhone 15 smartphones to overheat and feel hotter than expected.
Brandon Nispel, Keybanc analyst, joins 'Power Lunch' to discuss the company's downgrade of Apple.
The update to the iOS 17 software includes "important bug fixes, security updates, and addresses an issue that may cause the iPhone to run warmer than expected."
"This update provides important bug fixes, security updates, and addresses an issue that may cause iPhone to run warmer than expected," according to the change log.
Cook still owns about 3.28 million shares of Apple to remain the company's top individual shareholders alongside Arthur Levinson and the company's COO Jeff Williams.
Apple shares wavered between gains and losses in early trading on Wednesday after KeyBanc downgraded its rating on Apple (AAPL) to "sector weight" from "overweight," anticipating soft sales growth in
CNBC's Steve Kovach reports on the latest news from Apple.

Apple shares get rare downgrade

12:11pm, Wednesday, 04'th Oct 2023
Apple shares may face more headwinds in the coming months according to one Wall Street firm which turned more cautious on the outlook for the world's most valuable company.
The Dow has struggled lately, but some investors expect a rebound. Intel will break off its programmable-solutions unit as a separate business.

Apple stock receives a super rare downgrade

09:48am, Wednesday, 04'th Oct 2023
Apple Inc (NASDAQ: AAPL) opened in the red this morning after a KeyBanc analyst downgraded the iPhone maker from overweight to “sector weight”. Nispel shares his view on Apple stock Brandon Nispel
Apple (NASDAQ: AAPL ) stock is a hot topic among traders on Wednesday after several insiders in the tech giant sold shares. One thing that traders will keep in mind is that investors don't often react
Apple Inc (NASDAQ:AAPL) stock opened 0.2% lower to $172.09 on Wednesday after company CEO Tim Cook sold 511,000 Apple shares, valued at about $41 million after taxes, according to a filing with the U

Analyst: Apple Sales Likely to Struggle

09:08am, Wednesday, 04'th Oct 2023
Apple Inc (NASDAQ:AAPL) stock is leading blue-chip components' premarket losses this morning, after KeyBanc downgraded the shares to "sector weight" from "overweight.
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