TechCapsules

AI-summarised brief · reviewed before publication

Jefferies analyst Edison Lee downgraded Apple’s stock to “Underperform,” citing the likely cancellation of the all‑glass iPhone redesign planned for the 20th anniversary. Lee attributes the halt to low yield in supply‑chain tests and rising memory costs, arguing the project would have raised prices to an estimated $2,060. The analyst notes the move would have defended margins amid higher component expenses and AI strategy shifts. Apple has not commented, and the patent for a six‑sided glass case dates back to 2019.