i believe Apple will go down under 100$

MatthewWalter
04-22

$Apple(AAPL)$ Here's just a few reasons why i believe Apple will go down under 100$.

Stagnant sales: Apple’s sales fell YoY in all four quarters of the last fiscal year, and marked the first time since fiscal 2019 that its annual revenues fell on a YoY basis. Sales of companies like Apple, $Nike(NKE)$ , and $Tesla Motors(TSLA)$ , which all get a big chunk of their revenues from the world’s second-largest economy. All these stocks are in the red which can be partially attributed to concerns over their China operations.

Lack of new growth initiatives: Apple hasn’t launched a groundbreaking product since its AirPods in 2016, and lacks its “next iPhone-sized opportunity” to drive growth. The company’s Vision Pro headset, despite being an incremental revenue opportunity, might not move the needle too much for Apple, which generates nearly $400 billion in revenues annually.

Not much innovation in iPhones: Despite Apple having diversified its revenue base, the bulk of its revenues still come from the iPhone. Over the years, the newer iPhone versions have largely featured incremental changes, and are not really disruptive enough to fuel a me

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