Apple’s 2024 Outlook: Why Holding This Magnificent Seven Stock Is a Smart Move

InvestorPlace2023-11-30

Apple (AAPL) is lagging its competitors in growth of China smartphone sales.However, Apple continues to thrive in the global smartphone market.Investors should consider holding at least a few shares ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2387487665?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-11-30 13:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2387487665","market":"us","top_or_hot":-1,"title":"Apple’s 2024 Outlook: Why Holding This Magnificent Seven Stock Is a Smart Move","media":"InvestorPlace","content":"<div>\n<p>Apple (AAPL) is lagging its competitors in growth of China smartphone sales.However, Apple continues to thrive in the global smartphone market.Investors should consider holding at least a few shares ...</p>\n\n<a href=\"https://investorplace.com/2023/11/apples-2024-outlook-why-holding-this-magnificent-seven-stock-is-a-smart-move/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple’s 2024 Outlook: Why Holding This Magnificent Seven Stock Is a Smart Move</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple’s 2024 Outlook: Why Holding This Magnificent Seven Stock Is a Smart Move\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-30 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/11/apples-2024-outlook-why-holding-this-magnificent-seven-stock-is-a-smart-move/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple (AAPL) is lagging its competitors in growth of China smartphone sales.However, Apple continues to thrive in the global smartphone market.Investors should consider holding at least a few shares ...</p>\n\n<a href=\"https://investorplace.com/2023/11/apples-2024-outlook-why-holding-this-magnificent-seven-stock-is-a-smart-move/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0289739343.SGD","symbol_name":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","start_time":0,"source_url":"https://investorplace.com/2023/11/apples-2024-outlook-why-holding-this-magnificent-seven-stock-is-a-smart-move/","article_id":"2387487665","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2387487665","pubTimestamp":1701322023,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Even with its challenges in China, Apple is still successful on a global scale and AAPL stock remains a \"magnificent\" pick for 2023 and 2024.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4553":"喜马拉雅资本持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4534":"瑞士信贷持仓","BK4571":"数字音乐概念","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU0072462426.USD":"贝莱德全球配置 A2","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4507":"流媒体概念","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4576":"AR","BK4566":"资本集团","LU0056508442.USD":"贝莱德世界科技基金A2","LU0080751232.USD":"富达环球多元动力基金A","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4559":"巴菲特持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","BK4550":"红杉资本持仓","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4512":"苹果概念","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0444971666.USD":"天利全球科技基金","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0149725797.USD":"汇丰美国股市经济规模基金","AAPL":"苹果","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC"},"translate_title":"苹果2024年展望：为什么持有这只宏伟的Seven股票是明智之举","themeId":"0b6ff676e0fb47acb494889770087876","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1},"content_text":"Apple (AAPL) is lagging its competitors in growth of China smartphone sales.However, Apple continues to thrive in the global smartphone market.Investors should consider holding at least a few shares of AAPL stock.If you’re going to maintain a diversified stock portfolio, it’s practically mandatory that you have at least a handful of Apple (NASDAQ: AAPL) stock. Otherwise, you’ll miss out on the gains that are coming in 2024. Sure, Apple has challenges to deal with. However, that’s true of every company and if any technology juggernaut can overcome its obstacles and prevail, it’s Apple.Among the “Magnificent Seven” tech titans, Apple is one of the oldest and most established. Apple stock has an added safety factor because it’s not too volatile, and because Apple is a well-known business with deep customer loyalty. So, let’s dive into Apple’s obstacles and opportunities, and see if there’s a worthwhile bull case for prospective investors.Value Investors Shouldn’t Worry Too Much About AAPL StockThe bearish arguments against owning Apple stock just don’t hold up under scrutiny. For example, some investors might worry about Apple’s valuation. Currently, Apple has a GAAP trailing 12-month price-to-earnings ratio of 31.1x.That’s above Apple’s five-year average trailing P/E ratio of 26.28x, but it’s not outlandishly high. We’re not looking at dot-com bubble valuations here. We can revisit this conversation if Apple’s P/E ratio reaches the 40s and 50s.As long as Apple remains profitable and follows a smart business strategy, the company’s valuation shouldn’t keep investors up at night. For instance, Apple plans to enable easier/smoother text messaging between iPhone and rival Android smartphones.That’s a smart move as it will keep the customers happy and might also help to placate regulators in the European Union and elsewhere.Don’t Let China Challenges Deter YouAnother pillar of the bearish argument against buying Apple stock is that the company has obstacles to overcome in China. Specifically, reports that China banned government employees from using iPhones at work. It’s there also are reports that China’s government denied this iPhone ban.Granted, Apple’s recent smartphone sales in China haven’t grown at the same pace as the smartphone sales of China-based competitors like Huawei and Xiaomi (OTCMKTS: XIACF). That’s not the full story, though, as Apple is still selling plenty of smartphones globally.According to Counterpoint Research (per Apple Insider), “global monthly smartphone sell-through volumes grew 5%” year over year in October. Furthermore, Counterpoint Research cited the “launch of iPhone 15 series” as a contributing factor to the global smartphone market’s growth.There’s no need to worry about Apple’s leadership status in this field. Counterpoint Research reportedly stated that Apple maintains a whopping 43% share of the global smartphone market. In other words, obstacles in China aren’t stopping Apple from selling plenty of mobile devices in other geographic regions.AAPL Stock: A Safe and Magnificent Holding for Every InvestorApple’s critics can always come up with excuses not to buy AAPL stock, but the bearish argument isn’t strong enough to withstand scrutiny. After all, Apple’s investors keep on winning in the long run and the short sellers only end up on the wrong side of the trade.If you don’t want to own every “Magnificent Seven” stock, that’s understandable as some of them are better than others. Safety-minded investors can be selective and just hold a few shares of Apple stock, and maybe a few other carefully selected mega-cap tech stocks. Just ignore the worry warts and stay in the trade, as Apple always provides outstanding value to its loyal shareholders.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":12,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":true,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2387487665"}