Apple stock is likely to experience more losses on Wednesday after dropping 3.2% on Tuesday. Shares are down 0.6% in pre-market trade.

Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple.

The latest Apple stock downgrade centers around iPhone sales and the weakening consumer electronics market. Here's what investors need to know.

Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 4.1% in the morning session after Jefferies analyst Edison Lee downgraded the stock's rating from Hold to Sell, and echoed concerns about weak iPhone sales.

Apple got hit with downgrades from Jefferies and Loop Capital on fears of slowing iPhone sales and a lack of demand around Apple Intelligence.

Wall Street's sentiment on Apple (AAPL) is turning bearish, with firms like Loop Capital and Jefferies downgrading the smartphone giant. Creative Strategies CEO and principal analyst Ben Bajarin joins Market Domination to share his perspective on the company's outlook.

Today, hit a new four-month low, following a report from Bloomberg indicating the company has seen an 18% slide in iPhone sales in China during the holiday season. The stock is also reeling from two downgrades by Loop Capital and Jefferies.

Apple whose share price is down nearly 9% in less than three weeks since the start of trading this year, now has analysts downgrading its overall share performance. Apple’s inability to stem falling iPhone sales in key markets such as China,

Apple (AAPL), and the stock has lost over 11% so far, extending its drawdown from all-time highs to over 14%. It also lost its status as the world’s largest company to Nvidia (NVDA), whose share have looked unstoppable over the last few years.

Shares of Apple (NASDAQ:AAPL) are souring fast, with the iPhone maker plummeting into correction territory (down just north of 14% at the time of writing) over a relentless storm of analyst downgrades.

Investors are appraising the likely impact of Trump's orders on stocks on the first trading day after the inauguration.