Apple Inc (NASDAQ:AAPL) shares are retreating Monday after Jefferies took a bearish position on the iPhone maker, shifting its rating to Underperform from Hold and reducing its price target to $263.66 from $285.56. Here's what you need to know.

Jefferies cuts Apple to Underperform with a $205 target, citing inflated iPhone 18 foldable expectations and slowing unit growth forecasts

Apple has released minimal details about the iPhone18. Why one expert thinks investors may be overreacting to supply chain concerns.