On Monday, a Wall Street analyst downgraded Apple's (AAPL) shares amid indications

that demand for iPhone phones is declining, endangering Apple's performance in the June quarter. On the announcement, 

 the price of AAPL fell. Ananda Baruah, an analyst at Loop Capital, decreased his price target for Apple shares from 180 to hold from buy.

Apple stock declined 0.6% to settle at 174.20 on the stock exchange today.

In a note to clients, Baruah noted that "Apple has now reduced its builds (and we believe shipment forecasts)

 Apple's forecast and Wall Street projections for the June quarter at risk of failing to materialize.

In addition, he lowered his CRUS stock price target from 92 to 80. The CRUS stock dropped 1.4% to 77.04 on Monday.