Apple, a brand that almost all the investors know well nowadays. Recently, Apple is back to the track of being a 3 Trillion Dollar company again, after being there for a while in the month of August this year.
As we know, Apple is less nnovative in its recent products launch but the sales remain strong despite of the earlier fact. The good thing is Apple does realise it.
Therefore, Apple is planning to release several new models, including a faster MacBook Air and two updated iPads, early next year to help combat a decline in sales of the devices.
The company has faced several quarters of sales decline for Macs and iPads, which together account for nearly 15% of its revenue, as sticky inflation and high borrowing costs force consumers to dial back non-essential purchases.
Apple gave a holiday-quarter sales forecast last month that was below Wall Street estimates due to weakness in demand for iPads and wearables. Meanwhile, its Mac business has been grappling with a wider slump in the personal computer market.
With the correct actions and countermeasures from the management team, I believe Apple can come out with something attractive in near recent and therefore can justify their valuation of the 3 Trillion company. For such, I am bullish for Apple for breaking new high and all of its suppliers or rivals in semiconductor field. $Apple(AAPL)$
How do you think? Leave your comments below ya guys.
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Comments
I appreciate your bullish sentiment for Apple, but do you think they'll be able to maintain their momentum in the face of increasing competition from other tech giants?
Apple's resilience in the face of declining sales is impressive. Do you think they'll be able to recapture the market's attention?
They can't be able to justify their 3 trillion dollar valuation with these new product releases
Apple to $200 soon!!
best company and stock! support forever!