Shares of Apple (AAPL) are facing downward pressure Tuesday, following observations by Barclays indicating softer iPhone demand. Barclays analyst Tim Long points to the increased availability of the iPhone 16 shortly after its launch as a sign of potentially weaker demand for Apple's flagship product line year-over-year.

The investment firm maintains an Underweight rating on Apple stock, with a price target set at $186.

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This post was written by Angel Smith