Corning shares rise despite Apple canceling all-glass iPhone model

Apple stock has been downgraded to Sell following reports that the all-glass iPhone model is dead. A Jefferies analyst warns that Apple may struggle to launch significantly more expensive devices to increase profitability, potentially leading to stock underperformance. Despite this development, Corning shares have risen. The analyst suggests that rolling out premium, high-cost hardware is more difficult than anticipated, impacting the overall financial outlook for Apple as it seeks new ways to boost its profit margins.