@investboy:DM Martins Research Research published on the App Store's recent performance supports the idea that service revenues could disappoint this time. According to Morgan Stanley, September was the slowest month of growth for the App Store since 2015 at least, which would have led to quarterly revenues having declined by 2%. Last quarter, CFO Luca Maestri had already spoken of services revenue increasing YOY "but decelerating from the June quarter due to macroeconomic factors and foreign exchange". Own AAPL stock for the long haul I think that Apple will impress again in fiscal Q4, despite certain parts of the portfolio (namely the services segment) possibly being a disappointment. However, I must admit that I am not much of a short-term trader. I do not have a strong opinion on whether AAPL is
@A.111:Big Tech Stocks Are Still Expensive. Why That's Important For the MarketBig Tech stocks are still expensive, despite all the market's down times this year. And that's key for the $S&P 500 index(.SPX.US)$.Now, the giants -- $Apple(AAPL.US)$ and $Alphabet-A(GOOGL.US)$ are two examples -- haven't walked away untouched. They've gotten caught in the selloff just like the rest of the S&P 500, which is down about 16% from its early January all-time high.The market just hasn't been able to shake off two big worries -- the Russia-Ukraine war and a recession triggered by the Federal Reserve, desperate to bring down inflation with higher interest rates.Still, comparatively speaking, Big Tech is expensive. Those names are simply more richly valued than the tried-and-trues of other industries -