Apple stock sinks as hopes that new CEO John Ternus will launch a high-end, ‘all-glass’ iPhone are shattered

Everything you need to know before you reach the office this morning.

Glass is expected to be used on the front and back of the phones.

Jefferies today became the latest firm to cut Apple’s stock price target in recent days, citing supply chain checks that suggest Apple has scrapped plans for a rumored all-glass iPhone expected to mark the device’s 20th anniversary next year. Here are the details.

If you were hoping for an all-glass iPhone, a new report from Barron’s might shatter that dream. The financial news source reports that Jefferies analyst Edison Lee believes development on an all-glass mobile device has come to a halt. According to the report, Lee thinks the device was canceled because of “poor product

A Jefferies analyst says that it may be harder than it looks for Apple to roll out dramatically more expensive devices in a bid to boost profitability.

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