Apple falls as modest growth forecast sparks demand concerns
** Shares of Apple AAPL.O fall 1.7% at $222 premarket
** Co expects first-quarter revenue to "grow low to mid single digits", while analysts expected growth of 6.65% - LSEG
** "Unless Apple Intelligence unexpectedly drives higher demand, we suspect iPhone unit upside over the next few quarters could remain limited" - Piper Sandler analysts
** Apple's Q4 iPhone sales were up 5.5% to $46.22 bln vs ests. of $45.47 bln
** "The iPhone 16 cycle appears weak, confirming investor concerns and initial data points, with Apple guiding to flattish revenues for Q1" - Bernstein analysts
** Overall Q4 sales of $94.93 bln beat ests. of $94.58 bln
** Up to last close, stock had risen 17% YTD
Reporting by Zaheer Kachwala in Bengaluru
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