On Friday, Apple witnessed a downgrade by at least two financial institutions, as its latest quarterly earnings report stirred investor anxieties regarding the ramifications of tariffs and the company's growth trajectory. Jefferies revised its rating on the stock to 'Underperform', positioning itself among a select few with a bearish stance on Apple. Analyst Edison Lee observed that although the earnings matched projections, the burgeoning impact of tariffs is expected to progressively curtail corporate earnings forecasts. Similarly, Barton Crockett, an analyst at Rosenblatt Securities, downgraded the stock from 'Buy' to 'Neutral', arguing that while Apple's operations remain robust, its growth momentum is waning, necessitating urgent new product launches to rejuvenate performance. Crockett further cited elevated valuation levels, coupled with volatile tariff and regulatory landscapes, as the primary drivers behind this downgrade.