Is Apple Stock A Buy During The Dip?

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Is Apple Stock A Buy During The Dip?

Seeking Alpha2023-01-11

SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the...

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hphoa
·2023-01-11
Buy at what price?? Will never drop below $100 la
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逢場作戲又一日
·2023-01-11
Great
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Catchua
·2023-01-11
Good!
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LimBT
·2023-01-11
Noted
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hellodarz888
·2023-01-11
Brand name minus hype if its ok then its a buy
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Moonbyul
·2023-01-11
If Apple stock drop to below $100 I will buy more of it 👍🏻
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Agedashi
·2023-01-11
are we there yet
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- C1238:
  Bo
  2023-01-11
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- BullishKing:
  ok
  2023-01-11
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myLaohor
·2023-01-11
Should ask what the best price to buy during the dip... lol😁
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Andrewinho
·2023-01-11
Opportunity!! 🤭🤭🤭
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- Louis7779:
  Pls like my post thanks
  2023-01-11
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Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the...</p>\n\n<a href=\"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip\">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":"IE00B3S45H60.SGD","symbol_name":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","start_time":0,"source_url":"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip","article_id":"2302019578","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2302019578","pubTimestamp":1673420400,"columns":[],"sourceInfo":{"source_id":"seekingalpha_fund","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"SummaryApple's stock price suffered from a dip 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INC","BK4571":"数字音乐概念","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC"},"translate_title":"苹果股票在下跌期间值得买入吗？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1},"content_text":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's (NASDAQ:AAPL) stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL's Services revenue in the future.I turn my attention to the topic of why investors should take advantage of the recent dip in Apple's share price in the current update. AAPL's forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple's shares as deserving of a Buy rating.Why Has Apple's Share Price Dipped?In the past month, AAPL's stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&P 500. Apple's last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.I think that Apple's share price dip is attributable to the market's concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.AAPL Stock Key MetricsInvestors are worried about the App Store's recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.BofA Securities published a research report (not publicly available) titled \"App Store Revenue Declines Low Single Digit\" on December 1, 2022. As per SensorTower data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store's Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.Separately, a December 13, 2022, Seeking Alpha News article cited a Bloomberg report mentioning that AAPL \"may soon allow third-party app stores on its iconic iPhones and iPads\" so as \"to comply with regulations from the European Union.\" It is natural for investors to be concerned that the App Store's future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.Another key concern for investors is iPhone production. Seeking Alpha News reported on December 20, 2022, that J.P. Morgan's (JPM) sell-side analyst covering Apple's shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.The majority of Wall Street analysts also have a bearish view of Apple's iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple's consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple's stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.It is easy to understand why Apple's share price has dipped recently, after a review of the key metrics disclosed in this section of the article.Is It Fairly Valued Now?I am of the view that Apple's shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.AAPL trades at 21.0 times consensus forward next twelve months' normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per S&P Capital IQ's valuation data. Furthermore, Apple's current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.I touch on the potential of a recovery in Apple's stock price in the next section.Will Apple Recover?I believe that AAPL's share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.With regards to the App Store, its future performance might be better than what the market feared.The App Store witnessed its first YoY revenue growth in six months, based on Sensor Tower's December 2022 data highlighted in this recent January 3, 2022, Seeking Alpha News article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple's Q1 FY 2023 and full-year FY 2023 financial results, AAPL's actual Services revenue and overall top line might beat market expectations.Also, fewer iPhone users might either switch to alternative app stores or download apps from developers' websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled \"App Store Competition? Bring It On\" published by Morgan Stanley (MS), slightly more than a quarter of iPhone users are \"extremely likely\" to switch away from the App Store for app downloads as per MS' consumer survey which should translate into a -4% decrease in Apple's Services revenue (or -1% contraction in overall top line).On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.A January 3, 2023 Seeking Alpha News article highlighted that Apple's key iPhone production plant in China has recovered to run at \"90% capacity\" again. Also, an earlier December 27, 2022, report (not publicly available) titled \"Improving iPhone Lead Times\" issued by Credit Suisse (CS) noted that the lead times for the new iPhone 14 models have already declined from the \"20+ days\" for the December 19 week to \"10-17 days\" for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL's concentration risks relating to China production over time.In a nutshell, there are positive signs which suggest that Apple's shares are due for a recovery.Is AAPL Stock A Buy During The Dip?Apple is a Buy during the dip, considering recent positive developments such as App Store's December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL's valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.This article is written by The Value Pendulum for reference only. Please note the risks.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9951806330,"gmtCreate":1673440203620,"gmtModify":1676538836890,"author":{"id":"3578790486524477","authorId":"3578790486524477","name":"hphoa","avatar":"https://community-static.tradeup.com/news/28a11e936497493af7ee5ccdc32238a3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3578790486524477","authorIdStr":"3578790486524477"},"htmlText":"Buy at what price??&nbsp; Will never drop below $100 la","listText":"Buy at what price??&nbsp; Will never drop below $100 la","text":"Buy at what price?? Will never drop below $100 la","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951806330","repostId":2302019578,"repostType":2,"repost":{"id":"2302019578","kind":"highlight","pubTimestamp":1673420400,"share":"https://ttm.financial/m/news/2302019578?lang=&edition=fundamental","pubTime":"2023-01-11 15:00","market":"us","language":"en","title":"Is Apple Stock A Buy During The Dip?","url":"https://stock-news.laohu8.com/highlight/detail?id=2302019578","media":"Seeking Alpha","summary":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's  stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Apple&#39;s stock price suffered from a dip due to investors&#39; worries regarding the App Store&#39;s performance and iPhone production.</li><li>AAPL&#39;s share price should see a recovery in the near future, as the market&#39;s concerns are overdone.</li><li>I remain bullish on Apple, as I deem AAPL&#39;s shares to be a buy during the dip.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f1fca7442e64a81cfd932604d5925aa\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>chris-mueller</span></p><h2>Elevator Pitch</h2><p>My Buy rating for Apple&#39;s (NASDAQ:AAPL) stock remains unchanged.</p><p>In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL&#39;s Services revenue in the future.</p><p>I turn my attention to the topic of why investors should take advantage of the recent dip in Apple&#39;s share price in the current update. AAPL&#39;s forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple&#39;s shares as deserving of a Buy rating.</p><h2>Why Has Apple&#39;s Share Price Dipped?</h2><p>In the past month, AAPL&#39;s stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&amp;P 500. Apple&#39;s last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.</p><p>I think that Apple&#39;s share price dip is attributable to the market&#39;s concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.</p><h2>AAPL Stock Key Metrics</h2><p>Investors are worried about the App Store&#39;s recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.</p><p><i>BofA Securities</i> published a research report (not publicly available) titled &#34;App Store Revenue Declines Low Single Digit&#34; on December 1, 2022. As per <i>SensorTower</i> data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store&#39;s Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.</p><p>Separately, a December 13, 2022, <i>Seeking Alpha News</i> article cited a <i>Bloomberg</i> report mentioning that AAPL &#34;may soon allow third-party app stores on its iconic iPhones and iPads&#34; so as &#34;to comply with regulations from the European Union.&#34; It is natural for investors to be concerned that the App Store&#39;s future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.</p><p>Another key concern for investors is iPhone production. <i>Seeking Alpha News</i> reported on December 20, 2022, that J.P. Morgan&#39;s (JPM) sell-side analyst covering Apple&#39;s shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.</p><p>The majority of Wall Street analysts also have a bearish view of Apple&#39;s iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple&#39;s consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple&#39;s stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.</p><p>It is easy to understand why Apple&#39;s share price has dipped recently, after a review of the key metrics disclosed in this section of the article.</p><h2>Is It Fairly Valued Now?</h2><p>I am of the view that Apple&#39;s shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.</p><p>AAPL trades at 21.0 times consensus forward next twelve months&#39; normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per <i>S&amp;P Capital IQ&#39;s</i> valuation data. Furthermore, Apple&#39;s current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.</p><p>I touch on the potential of a recovery in Apple&#39;s stock price in the next section.</p><h2>Will Apple Recover?</h2><p>I believe that AAPL&#39;s share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.</p><p>With regards to the App Store, its future performance might be better than what the market feared.</p><p>The App Store witnessed its first YoY revenue growth in six months, based on <i>Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>&#39;s</i> December 2022 data highlighted in this recent January 3, 2022, <i>Seeking Alpha News</i> article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple&#39;s Q1 FY 2023 and full-year FY 2023 financial results, AAPL&#39;s actual Services revenue and overall top line might beat market expectations.</p><p>Also, fewer iPhone users might either switch to alternative app stores or download apps from developers&#39; websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled &#34;App Store Competition? Bring It On&#34; published by <i>Morgan Stanley</i> (MS), slightly more than a quarter of iPhone users are &#34;extremely likely&#34; to switch away from the App Store for app downloads as per <i>MS&#39;</i> consumer survey which should translate into a -4% decrease in Apple&#39;s Services revenue (or -1% contraction in overall top line).</p><p>On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.</p><p>A January 3, 2023 <i>Seeking Alpha News</i> article highlighted that Apple&#39;s key iPhone production plant in China has recovered to run at &#34;90% capacity&#34; again. Also, an earlier December 27, 2022, report (not publicly available) titled &#34;Improving iPhone Lead Times&#34; issued by <i>Credit Suisse</i> (CS) noted that the lead times for the new iPhone 14 models have already declined from the &#34;20+ days&#34; for the December 19 week to &#34;10-17 days&#34; for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.</p><p>In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL&#39;s concentration risks relating to China production over time.</p><p>In a nutshell, there are positive signs which suggest that Apple&#39;s shares are due for a recovery.</p><h2>Is AAPL Stock A Buy During The Dip?</h2><p>Apple is a Buy during the dip, considering recent positive developments such as App Store&#39;s December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL&#39;s valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.</p><p><i>This article is written by The Value Pendulum for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","collect":0,"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>Is Apple Stock A Buy During The Dip?</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; 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}\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\">\nIs Apple Stock A Buy During The Dip?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-11 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the...</p>\n\n<a href=\"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0056508442.USD":"贝莱德世界科技基金A2","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4573":"虚拟现实","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","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","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4170":"电脑硬件、储存设备及电脑周边","AAPL":"苹果","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4532":"文艺复兴科技持仓","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","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4515":"5G概念","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","BK4585":"ETF&股票定投概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4571":"数字音乐概念","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4566":"资本集团","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4579":"人工智能","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4527":"明星科技股","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0109392836.USD":"富兰克林科技股A"},"source_url":"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302019578","content_text":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's (NASDAQ:AAPL) stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL's Services revenue in the future.I turn my attention to the topic of why investors should take advantage of the recent dip in Apple's share price in the current update. AAPL's forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple's shares as deserving of a Buy rating.Why Has Apple's Share Price Dipped?In the past month, AAPL's stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&P 500. Apple's last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.I think that Apple's share price dip is attributable to the market's concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.AAPL Stock Key MetricsInvestors are worried about the App Store's recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.BofA Securities published a research report (not publicly available) titled \"App Store Revenue Declines Low Single Digit\" on December 1, 2022. As per SensorTower data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store's Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.Separately, a December 13, 2022, Seeking Alpha News article cited a Bloomberg report mentioning that AAPL \"may soon allow third-party app stores on its iconic iPhones and iPads\" so as \"to comply with regulations from the European Union.\" It is natural for investors to be concerned that the App Store's future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.Another key concern for investors is iPhone production. Seeking Alpha News reported on December 20, 2022, that J.P. Morgan's (JPM) sell-side analyst covering Apple's shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.The majority of Wall Street analysts also have a bearish view of Apple's iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple's consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple's stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.It is easy to understand why Apple's share price has dipped recently, after a review of the key metrics disclosed in this section of the article.Is It Fairly Valued Now?I am of the view that Apple's shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.AAPL trades at 21.0 times consensus forward next twelve months' normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per S&P Capital IQ's valuation data. Furthermore, Apple's current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.I touch on the potential of a recovery in Apple's stock price in the next section.Will Apple Recover?I believe that AAPL's share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.With regards to the App Store, its future performance might be better than what the market feared.The App Store witnessed its first YoY revenue growth in six months, based on Sensor Tower's December 2022 data highlighted in this recent January 3, 2022, Seeking Alpha News article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple's Q1 FY 2023 and full-year FY 2023 financial results, AAPL's actual Services revenue and overall top line might beat market expectations.Also, fewer iPhone users might either switch to alternative app stores or download apps from developers' websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled \"App Store Competition? Bring It On\" published by Morgan Stanley (MS), slightly more than a quarter of iPhone users are \"extremely likely\" to switch away from the App Store for app downloads as per MS' consumer survey which should translate into a -4% decrease in Apple's Services revenue (or -1% contraction in overall top line).On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.A January 3, 2023 Seeking Alpha News article highlighted that Apple's key iPhone production plant in China has recovered to run at \"90% capacity\" again. Also, an earlier December 27, 2022, report (not publicly available) titled \"Improving iPhone Lead Times\" issued by Credit Suisse (CS) noted that the lead times for the new iPhone 14 models have already declined from the \"20+ days\" for the December 19 week to \"10-17 days\" for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL's concentration risks relating to China production over time.In a nutshell, there are positive signs which suggest that Apple's shares are due for a recovery.Is AAPL Stock A Buy During The Dip?Apple is a Buy during the dip, considering recent positive developments such as App Store's December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL's valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.This article is written by The Value Pendulum for reference only. Please note the risks.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951126108,"gmtCreate":1673429300105,"gmtModify":1676538835154,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":1,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951126108","repostId":2302019578,"repostType":4,"repost":{"id":"2302019578","kind":"highlight","pubTimestamp":1673420400,"share":"https://ttm.financial/m/news/2302019578?lang=&edition=fundamental","pubTime":"2023-01-11 15:00","market":"us","language":"en","title":"Is Apple Stock A Buy During The Dip?","url":"https://stock-news.laohu8.com/highlight/detail?id=2302019578","media":"Seeking Alpha","summary":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's  stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Apple&#39;s stock price suffered from a dip due to investors&#39; worries regarding the App Store&#39;s performance and iPhone production.</li><li>AAPL&#39;s share price should see a recovery in the near future, as the market&#39;s concerns are overdone.</li><li>I remain bullish on Apple, as I deem AAPL&#39;s shares to be a buy during the dip.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f1fca7442e64a81cfd932604d5925aa\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>chris-mueller</span></p><h2>Elevator Pitch</h2><p>My Buy rating for Apple&#39;s (NASDAQ:AAPL) stock remains unchanged.</p><p>In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL&#39;s Services revenue in the future.</p><p>I turn my attention to the topic of why investors should take advantage of the recent dip in Apple&#39;s share price in the current update. AAPL&#39;s forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple&#39;s shares as deserving of a Buy rating.</p><h2>Why Has Apple&#39;s Share Price Dipped?</h2><p>In the past month, AAPL&#39;s stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&amp;P 500. Apple&#39;s last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.</p><p>I think that Apple&#39;s share price dip is attributable to the market&#39;s concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.</p><h2>AAPL Stock Key Metrics</h2><p>Investors are worried about the App Store&#39;s recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.</p><p><i>BofA Securities</i> published a research report (not publicly available) titled &#34;App Store Revenue Declines Low Single Digit&#34; on December 1, 2022. As per <i>SensorTower</i> data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store&#39;s Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.</p><p>Separately, a December 13, 2022, <i>Seeking Alpha News</i> article cited a <i>Bloomberg</i> report mentioning that AAPL &#34;may soon allow third-party app stores on its iconic iPhones and iPads&#34; so as &#34;to comply with regulations from the European Union.&#34; It is natural for investors to be concerned that the App Store&#39;s future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.</p><p>Another key concern for investors is iPhone production. <i>Seeking Alpha News</i> reported on December 20, 2022, that J.P. Morgan&#39;s (JPM) sell-side analyst covering Apple&#39;s shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.</p><p>The majority of Wall Street analysts also have a bearish view of Apple&#39;s iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple&#39;s consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple&#39;s stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.</p><p>It is easy to understand why Apple&#39;s share price has dipped recently, after a review of the key metrics disclosed in this section of the article.</p><h2>Is It Fairly Valued Now?</h2><p>I am of the view that Apple&#39;s shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.</p><p>AAPL trades at 21.0 times consensus forward next twelve months&#39; normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per <i>S&amp;P Capital IQ&#39;s</i> valuation data. Furthermore, Apple&#39;s current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.</p><p>I touch on the potential of a recovery in Apple&#39;s stock price in the next section.</p><h2>Will Apple Recover?</h2><p>I believe that AAPL&#39;s share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.</p><p>With regards to the App Store, its future performance might be better than what the market feared.</p><p>The App Store witnessed its first YoY revenue growth in six months, based on <i>Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>&#39;s</i> December 2022 data highlighted in this recent January 3, 2022, <i>Seeking Alpha News</i> article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple&#39;s Q1 FY 2023 and full-year FY 2023 financial results, AAPL&#39;s actual Services revenue and overall top line might beat market expectations.</p><p>Also, fewer iPhone users might either switch to alternative app stores or download apps from developers&#39; websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled &#34;App Store Competition? Bring It On&#34; published by <i>Morgan Stanley</i> (MS), slightly more than a quarter of iPhone users are &#34;extremely likely&#34; to switch away from the App Store for app downloads as per <i>MS&#39;</i> consumer survey which should translate into a -4% decrease in Apple&#39;s Services revenue (or -1% contraction in overall top line).</p><p>On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.</p><p>A January 3, 2023 <i>Seeking Alpha News</i> article highlighted that Apple&#39;s key iPhone production plant in China has recovered to run at &#34;90% capacity&#34; again. Also, an earlier December 27, 2022, report (not publicly available) titled &#34;Improving iPhone Lead Times&#34; issued by <i>Credit Suisse</i> (CS) noted that the lead times for the new iPhone 14 models have already declined from the &#34;20+ days&#34; for the December 19 week to &#34;10-17 days&#34; for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.</p><p>In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL&#39;s concentration risks relating to China production over time.</p><p>In a nutshell, there are positive signs which suggest that Apple&#39;s shares are due for a recovery.</p><h2>Is AAPL Stock A Buy During The Dip?</h2><p>Apple is a Buy during the dip, considering recent positive developments such as App Store&#39;s December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL&#39;s valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.</p><p><i>This article is written by The Value Pendulum for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","collect":0,"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>Is Apple Stock A Buy During The Dip?</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; 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}\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\">\nIs Apple Stock A Buy During The Dip?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-11 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the...</p>\n\n<a href=\"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0056508442.USD":"贝莱德世界科技基金A2","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4573":"虚拟现实","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","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","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4170":"电脑硬件、储存设备及电脑周边","AAPL":"苹果","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4532":"文艺复兴科技持仓","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","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4515":"5G概念","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","BK4585":"ETF&股票定投概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4571":"数字音乐概念","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4566":"资本集团","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4579":"人工智能","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4527":"明星科技股","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0109392836.USD":"富兰克林科技股A"},"source_url":"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302019578","content_text":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's (NASDAQ:AAPL) stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL's Services revenue in the future.I turn my attention to the topic of why investors should take advantage of the recent dip in Apple's share price in the current update. AAPL's forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple's shares as deserving of a Buy rating.Why Has Apple's Share Price Dipped?In the past month, AAPL's stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&P 500. Apple's last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.I think that Apple's share price dip is attributable to the market's concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.AAPL Stock Key MetricsInvestors are worried about the App Store's recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.BofA Securities published a research report (not publicly available) titled \"App Store Revenue Declines Low Single Digit\" on December 1, 2022. As per SensorTower data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store's Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.Separately, a December 13, 2022, Seeking Alpha News article cited a Bloomberg report mentioning that AAPL \"may soon allow third-party app stores on its iconic iPhones and iPads\" so as \"to comply with regulations from the European Union.\" It is natural for investors to be concerned that the App Store's future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.Another key concern for investors is iPhone production. Seeking Alpha News reported on December 20, 2022, that J.P. Morgan's (JPM) sell-side analyst covering Apple's shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.The majority of Wall Street analysts also have a bearish view of Apple's iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple's consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple's stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.It is easy to understand why Apple's share price has dipped recently, after a review of the key metrics disclosed in this section of the article.Is It Fairly Valued Now?I am of the view that Apple's shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.AAPL trades at 21.0 times consensus forward next twelve months' normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per S&P Capital IQ's valuation data. Furthermore, Apple's current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.I touch on the potential of a recovery in Apple's stock price in the next section.Will Apple Recover?I believe that AAPL's share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.With regards to the App Store, its future performance might be better than what the market feared.The App Store witnessed its first YoY revenue growth in six months, based on Sensor Tower's December 2022 data highlighted in this recent January 3, 2022, Seeking Alpha News article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple's Q1 FY 2023 and full-year FY 2023 financial results, AAPL's actual Services revenue and overall top line might beat market expectations.Also, fewer iPhone users might either switch to alternative app stores or download apps from developers' websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled \"App Store Competition? Bring It On\" published by Morgan Stanley (MS), slightly more than a quarter of iPhone users are \"extremely likely\" to switch away from the App Store for app downloads as per MS' consumer survey which should translate into a -4% decrease in Apple's Services revenue (or -1% contraction in overall top line).On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.A January 3, 2023 Seeking Alpha News article highlighted that Apple's key iPhone production plant in China has recovered to run at \"90% capacity\" again. Also, an earlier December 27, 2022, report (not publicly available) titled \"Improving iPhone Lead Times\" issued by Credit Suisse (CS) noted that the lead times for the new iPhone 14 models have already declined from the \"20+ days\" for the December 19 week to \"10-17 days\" for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL's concentration risks relating to China production over time.In a nutshell, there are positive signs which suggest that Apple's shares are due for a recovery.Is AAPL Stock A Buy During The Dip?Apple is a Buy during the dip, considering recent positive developments such as App Store's December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL's valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.This article is written by The Value Pendulum for reference only. Please note the risks.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951188995,"gmtCreate":1673423981117,"gmtModify":1676538834269,"author":{"id":"3579261515703347","authorId":"3579261515703347","name":"Catchua","avatar":"https://static.tigerbbs.com/28615a1f839b67febc33928525f76b74","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579261515703347","authorIdStr":"3579261515703347"},"htmlText":"Good!","listText":"Good!","text":"Good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951188995","repostId":2302019578,"repostType":4,"repost":{"id":"2302019578","kind":"highlight","pubTimestamp":1673420400,"share":"https://ttm.financial/m/news/2302019578?lang=&edition=fundamental","pubTime":"2023-01-11 15:00","market":"us","language":"en","title":"Is Apple Stock A Buy During The Dip?","url":"https://stock-news.laohu8.com/highlight/detail?id=2302019578","media":"Seeking Alpha","summary":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's  stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Apple&#39;s stock price suffered from a dip due to investors&#39; worries regarding the App Store&#39;s performance and iPhone production.</li><li>AAPL&#39;s share price should see a recovery in the near future, as the market&#39;s concerns are overdone.</li><li>I remain bullish on Apple, as I deem AAPL&#39;s shares to be a buy during the dip.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f1fca7442e64a81cfd932604d5925aa\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>chris-mueller</span></p><h2>Elevator Pitch</h2><p>My Buy rating for Apple&#39;s (NASDAQ:AAPL) stock remains unchanged.</p><p>In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL&#39;s Services revenue in the future.</p><p>I turn my attention to the topic of why investors should take advantage of the recent dip in Apple&#39;s share price in the current update. AAPL&#39;s forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple&#39;s shares as deserving of a Buy rating.</p><h2>Why Has Apple&#39;s Share Price Dipped?</h2><p>In the past month, AAPL&#39;s stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&amp;P 500. Apple&#39;s last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.</p><p>I think that Apple&#39;s share price dip is attributable to the market&#39;s concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.</p><h2>AAPL Stock Key Metrics</h2><p>Investors are worried about the App Store&#39;s recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.</p><p><i>BofA Securities</i> published a research report (not publicly available) titled &#34;App Store Revenue Declines Low Single Digit&#34; on December 1, 2022. As per <i>SensorTower</i> data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store&#39;s Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.</p><p>Separately, a December 13, 2022, <i>Seeking Alpha News</i> article cited a <i>Bloomberg</i> report mentioning that AAPL &#34;may soon allow third-party app stores on its iconic iPhones and iPads&#34; so as &#34;to comply with regulations from the European Union.&#34; It is natural for investors to be concerned that the App Store&#39;s future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.</p><p>Another key concern for investors is iPhone production. <i>Seeking Alpha News</i> reported on December 20, 2022, that J.P. Morgan&#39;s (JPM) sell-side analyst covering Apple&#39;s shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.</p><p>The majority of Wall Street analysts also have a bearish view of Apple&#39;s iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple&#39;s consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple&#39;s stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.</p><p>It is easy to understand why Apple&#39;s share price has dipped recently, after a review of the key metrics disclosed in this section of the article.</p><h2>Is It Fairly Valued Now?</h2><p>I am of the view that Apple&#39;s shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.</p><p>AAPL trades at 21.0 times consensus forward next twelve months&#39; normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per <i>S&amp;P Capital IQ&#39;s</i> valuation data. Furthermore, Apple&#39;s current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.</p><p>I touch on the potential of a recovery in Apple&#39;s stock price in the next section.</p><h2>Will Apple Recover?</h2><p>I believe that AAPL&#39;s share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.</p><p>With regards to the App Store, its future performance might be better than what the market feared.</p><p>The App Store witnessed its first YoY revenue growth in six months, based on <i>Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>&#39;s</i> December 2022 data highlighted in this recent January 3, 2022, <i>Seeking Alpha News</i> article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple&#39;s Q1 FY 2023 and full-year FY 2023 financial results, AAPL&#39;s actual Services revenue and overall top line might beat market expectations.</p><p>Also, fewer iPhone users might either switch to alternative app stores or download apps from developers&#39; websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled &#34;App Store Competition? Bring It On&#34; published by <i>Morgan Stanley</i> (MS), slightly more than a quarter of iPhone users are &#34;extremely likely&#34; to switch away from the App Store for app downloads as per <i>MS&#39;</i> consumer survey which should translate into a -4% decrease in Apple&#39;s Services revenue (or -1% contraction in overall top line).</p><p>On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.</p><p>A January 3, 2023 <i>Seeking Alpha News</i> article highlighted that Apple&#39;s key iPhone production plant in China has recovered to run at &#34;90% capacity&#34; again. Also, an earlier December 27, 2022, report (not publicly available) titled &#34;Improving iPhone Lead Times&#34; issued by <i>Credit Suisse</i> (CS) noted that the lead times for the new iPhone 14 models have already declined from the &#34;20+ days&#34; for the December 19 week to &#34;10-17 days&#34; for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.</p><p>In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL&#39;s concentration risks relating to China production over time.</p><p>In a nutshell, there are positive signs which suggest that Apple&#39;s shares are due for a recovery.</p><h2>Is AAPL Stock A Buy During The Dip?</h2><p>Apple is a Buy during the dip, considering recent positive developments such as App Store&#39;s December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL&#39;s valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.</p><p><i>This article is written by The Value Pendulum for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","collect":0,"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>Is Apple Stock A Buy During The Dip?</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; 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}\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\">\nIs Apple Stock A Buy During The Dip?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-11 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the...</p>\n\n<a href=\"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0056508442.USD":"贝莱德世界科技基金A2","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4573":"虚拟现实","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","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","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4170":"电脑硬件、储存设备及电脑周边","AAPL":"苹果","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4532":"文艺复兴科技持仓","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","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4515":"5G概念","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","BK4585":"ETF&股票定投概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4571":"数字音乐概念","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4566":"资本集团","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4579":"人工智能","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4527":"明星科技股","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0109392836.USD":"富兰克林科技股A"},"source_url":"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302019578","content_text":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's (NASDAQ:AAPL) stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL's Services revenue in the future.I turn my attention to the topic of why investors should take advantage of the recent dip in Apple's share price in the current update. AAPL's forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple's shares as deserving of a Buy rating.Why Has Apple's Share Price Dipped?In the past month, AAPL's stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&P 500. Apple's last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.I think that Apple's share price dip is attributable to the market's concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.AAPL Stock Key MetricsInvestors are worried about the App Store's recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.BofA Securities published a research report (not publicly available) titled \"App Store Revenue Declines Low Single Digit\" on December 1, 2022. As per SensorTower data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store's Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.Separately, a December 13, 2022, Seeking Alpha News article cited a Bloomberg report mentioning that AAPL \"may soon allow third-party app stores on its iconic iPhones and iPads\" so as \"to comply with regulations from the European Union.\" It is natural for investors to be concerned that the App Store's future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.Another key concern for investors is iPhone production. Seeking Alpha News reported on December 20, 2022, that J.P. Morgan's (JPM) sell-side analyst covering Apple's shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.The majority of Wall Street analysts also have a bearish view of Apple's iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple's consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple's stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.It is easy to understand why Apple's share price has dipped recently, after a review of the key metrics disclosed in this section of the article.Is It Fairly Valued Now?I am of the view that Apple's shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.AAPL trades at 21.0 times consensus forward next twelve months' normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per S&P Capital IQ's valuation data. Furthermore, Apple's current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.I touch on the potential of a recovery in Apple's stock price in the next section.Will Apple Recover?I believe that AAPL's share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.With regards to the App Store, its future performance might be better than what the market feared.The App Store witnessed its first YoY revenue growth in six months, based on Sensor Tower's December 2022 data highlighted in this recent January 3, 2022, Seeking Alpha News article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple's Q1 FY 2023 and full-year FY 2023 financial results, AAPL's actual Services revenue and overall top line might beat market expectations.Also, fewer iPhone users might either switch to alternative app stores or download apps from developers' websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled \"App Store Competition? Bring It On\" published by Morgan Stanley (MS), slightly more than a quarter of iPhone users are \"extremely likely\" to switch away from the App Store for app downloads as per MS' consumer survey which should translate into a -4% decrease in Apple's Services revenue (or -1% contraction in overall top line).On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.A January 3, 2023 Seeking Alpha News article highlighted that Apple's key iPhone production plant in China has recovered to run at \"90% capacity\" again. Also, an earlier December 27, 2022, report (not publicly available) titled \"Improving iPhone Lead Times\" issued by Credit Suisse (CS) noted that the lead times for the new iPhone 14 models have already declined from the \"20+ days\" for the December 19 week to \"10-17 days\" for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL's concentration risks relating to China production over time.In a nutshell, there are positive signs which suggest that Apple's shares are due for a recovery.Is AAPL Stock A Buy During The Dip?Apple is a Buy during the dip, considering recent positive developments such as App Store's December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL's valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.This article is written by The Value Pendulum for reference only. Please note the risks.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951181472,"gmtCreate":1673423896097,"gmtModify":1676538834262,"author":{"id":"4134278158747952","authorId":"4134278158747952","name":"LimBT","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4134278158747952","authorIdStr":"4134278158747952"},"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951181472","repostId":2302019578,"repostType":4,"repost":{"id":"2302019578","kind":"highlight","pubTimestamp":1673420400,"share":"https://ttm.financial/m/news/2302019578?lang=&edition=fundamental","pubTime":"2023-01-11 15:00","market":"us","language":"en","title":"Is Apple Stock A Buy During The Dip?","url":"https://stock-news.laohu8.com/highlight/detail?id=2302019578","media":"Seeking Alpha","summary":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's  stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Apple&#39;s stock price suffered from a dip due to investors&#39; worries regarding the App Store&#39;s performance and iPhone production.</li><li>AAPL&#39;s share price should see a recovery in the near future, as the market&#39;s concerns are overdone.</li><li>I remain bullish on Apple, as I deem AAPL&#39;s shares to be a buy during the dip.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f1fca7442e64a81cfd932604d5925aa\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>chris-mueller</span></p><h2>Elevator Pitch</h2><p>My Buy rating for Apple&#39;s (NASDAQ:AAPL) stock remains unchanged.</p><p>In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL&#39;s Services revenue in the future.</p><p>I turn my attention to the topic of why investors should take advantage of the recent dip in Apple&#39;s share price in the current update. AAPL&#39;s forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple&#39;s shares as deserving of a Buy rating.</p><h2>Why Has Apple&#39;s Share Price Dipped?</h2><p>In the past month, AAPL&#39;s stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&amp;P 500. Apple&#39;s last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.</p><p>I think that Apple&#39;s share price dip is attributable to the market&#39;s concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.</p><h2>AAPL Stock Key Metrics</h2><p>Investors are worried about the App Store&#39;s recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.</p><p><i>BofA Securities</i> published a research report (not publicly available) titled &#34;App Store Revenue Declines Low Single Digit&#34; on December 1, 2022. As per <i>SensorTower</i> data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store&#39;s Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.</p><p>Separately, a December 13, 2022, <i>Seeking Alpha News</i> article cited a <i>Bloomberg</i> report mentioning that AAPL &#34;may soon allow third-party app stores on its iconic iPhones and iPads&#34; so as &#34;to comply with regulations from the European Union.&#34; It is natural for investors to be concerned that the App Store&#39;s future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.</p><p>Another key concern for investors is iPhone production. <i>Seeking Alpha News</i> reported on December 20, 2022, that J.P. Morgan&#39;s (JPM) sell-side analyst covering Apple&#39;s shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.</p><p>The majority of Wall Street analysts also have a bearish view of Apple&#39;s iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple&#39;s consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple&#39;s stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.</p><p>It is easy to understand why Apple&#39;s share price has dipped recently, after a review of the key metrics disclosed in this section of the article.</p><h2>Is It Fairly Valued Now?</h2><p>I am of the view that Apple&#39;s shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.</p><p>AAPL trades at 21.0 times consensus forward next twelve months&#39; normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per <i>S&amp;P Capital IQ&#39;s</i> valuation data. Furthermore, Apple&#39;s current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.</p><p>I touch on the potential of a recovery in Apple&#39;s stock price in the next section.</p><h2>Will Apple Recover?</h2><p>I believe that AAPL&#39;s share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.</p><p>With regards to the App Store, its future performance might be better than what the market feared.</p><p>The App Store witnessed its first YoY revenue growth in six months, based on <i>Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>&#39;s</i> December 2022 data highlighted in this recent January 3, 2022, <i>Seeking Alpha News</i> article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple&#39;s Q1 FY 2023 and full-year FY 2023 financial results, AAPL&#39;s actual Services revenue and overall top line might beat market expectations.</p><p>Also, fewer iPhone users might either switch to alternative app stores or download apps from developers&#39; websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled &#34;App Store Competition? Bring It On&#34; published by <i>Morgan Stanley</i> (MS), slightly more than a quarter of iPhone users are &#34;extremely likely&#34; to switch away from the App Store for app downloads as per <i>MS&#39;</i> consumer survey which should translate into a -4% decrease in Apple&#39;s Services revenue (or -1% contraction in overall top line).</p><p>On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.</p><p>A January 3, 2023 <i>Seeking Alpha News</i> article highlighted that Apple&#39;s key iPhone production plant in China has recovered to run at &#34;90% capacity&#34; again. Also, an earlier December 27, 2022, report (not publicly available) titled &#34;Improving iPhone Lead Times&#34; issued by <i>Credit Suisse</i> (CS) noted that the lead times for the new iPhone 14 models have already declined from the &#34;20+ days&#34; for the December 19 week to &#34;10-17 days&#34; for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.</p><p>In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL&#39;s concentration risks relating to China production over time.</p><p>In a nutshell, there are positive signs which suggest that Apple&#39;s shares are due for a recovery.</p><h2>Is AAPL Stock A Buy During The Dip?</h2><p>Apple is a Buy during the dip, considering recent positive developments such as App Store&#39;s December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL&#39;s valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.</p><p><i>This article is written by The Value Pendulum for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","collect":0,"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>Is Apple Stock A Buy During The Dip?</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; 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}\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\">\nIs Apple Stock A Buy During The Dip?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-11 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the...</p>\n\n<a href=\"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0056508442.USD":"贝莱德世界科技基金A2","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4573":"虚拟现实","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","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","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4170":"电脑硬件、储存设备及电脑周边","AAPL":"苹果","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4532":"文艺复兴科技持仓","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","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4515":"5G概念","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","BK4585":"ETF&股票定投概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4571":"数字音乐概念","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4566":"资本集团","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4579":"人工智能","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4527":"明星科技股","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0109392836.USD":"富兰克林科技股A"},"source_url":"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302019578","content_text":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's (NASDAQ:AAPL) stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL's Services revenue in the future.I turn my attention to the topic of why investors should take advantage of the recent dip in Apple's share price in the current update. AAPL's forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple's shares as deserving of a Buy rating.Why Has Apple's Share Price Dipped?In the past month, AAPL's stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&P 500. Apple's last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.I think that Apple's share price dip is attributable to the market's concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.AAPL Stock Key MetricsInvestors are worried about the App Store's recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.BofA Securities published a research report (not publicly available) titled \"App Store Revenue Declines Low Single Digit\" on December 1, 2022. As per SensorTower data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store's Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.Separately, a December 13, 2022, Seeking Alpha News article cited a Bloomberg report mentioning that AAPL \"may soon allow third-party app stores on its iconic iPhones and iPads\" so as \"to comply with regulations from the European Union.\" It is natural for investors to be concerned that the App Store's future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.Another key concern for investors is iPhone production. Seeking Alpha News reported on December 20, 2022, that J.P. Morgan's (JPM) sell-side analyst covering Apple's shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.The majority of Wall Street analysts also have a bearish view of Apple's iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple's consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple's stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.It is easy to understand why Apple's share price has dipped recently, after a review of the key metrics disclosed in this section of the article.Is It Fairly Valued Now?I am of the view that Apple's shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.AAPL trades at 21.0 times consensus forward next twelve months' normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per S&P Capital IQ's valuation data. Furthermore, Apple's current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.I touch on the potential of a recovery in Apple's stock price in the next section.Will Apple Recover?I believe that AAPL's share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.With regards to the App Store, its future performance might be better than what the market feared.The App Store witnessed its first YoY revenue growth in six months, based on Sensor Tower's December 2022 data highlighted in this recent January 3, 2022, Seeking Alpha News article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple's Q1 FY 2023 and full-year FY 2023 financial results, AAPL's actual Services revenue and overall top line might beat market expectations.Also, fewer iPhone users might either switch to alternative app stores or download apps from developers' websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled \"App Store Competition? Bring It On\" published by Morgan Stanley (MS), slightly more than a quarter of iPhone users are \"extremely likely\" to switch away from the App Store for app downloads as per MS' consumer survey which should translate into a -4% decrease in Apple's Services revenue (or -1% contraction in overall top line).On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.A January 3, 2023 Seeking Alpha News article highlighted that Apple's key iPhone production plant in China has recovered to run at \"90% capacity\" again. Also, an earlier December 27, 2022, report (not publicly available) titled \"Improving iPhone Lead Times\" issued by Credit Suisse (CS) noted that the lead times for the new iPhone 14 models have already declined from the \"20+ days\" for the December 19 week to \"10-17 days\" for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL's concentration risks relating to China production over time.In a nutshell, there are positive signs which suggest that Apple's shares are due for a recovery.Is AAPL Stock A Buy During The Dip?Apple is a Buy during the dip, considering recent positive developments such as App Store's December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL's valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.This article is written by The Value Pendulum for reference only. Please note the risks.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951189083,"gmtCreate":1673422430743,"gmtModify":1676538834160,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3583033675115574","authorIdStr":"3583033675115574"},"htmlText":"Brand name minus hype if its ok then its a buy","listText":"Brand name minus hype if its ok then its a buy","text":"Brand name minus hype if its ok then its a buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951189083","repostId":2302019578,"repostType":4,"repost":{"id":"2302019578","kind":"highlight","pubTimestamp":1673420400,"share":"https://ttm.financial/m/news/2302019578?lang=&edition=fundamental","pubTime":"2023-01-11 15:00","market":"us","language":"en","title":"Is Apple Stock A Buy During The Dip?","url":"https://stock-news.laohu8.com/highlight/detail?id=2302019578","media":"Seeking Alpha","summary":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's  stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Apple&#39;s stock price suffered from a dip due to investors&#39; worries regarding the App Store&#39;s performance and iPhone production.</li><li>AAPL&#39;s share price should see a recovery in the near future, as the market&#39;s concerns are overdone.</li><li>I remain bullish on Apple, as I deem AAPL&#39;s shares to be a buy during the dip.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f1fca7442e64a81cfd932604d5925aa\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>chris-mueller</span></p><h2>Elevator Pitch</h2><p>My Buy rating for Apple&#39;s (NASDAQ:AAPL) stock remains unchanged.</p><p>In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL&#39;s Services revenue in the future.</p><p>I turn my attention to the topic of why investors should take advantage of the recent dip in Apple&#39;s share price in the current update. AAPL&#39;s forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple&#39;s shares as deserving of a Buy rating.</p><h2>Why Has Apple&#39;s Share Price Dipped?</h2><p>In the past month, AAPL&#39;s stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&amp;P 500. Apple&#39;s last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.</p><p>I think that Apple&#39;s share price dip is attributable to the market&#39;s concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.</p><h2>AAPL Stock Key Metrics</h2><p>Investors are worried about the App Store&#39;s recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.</p><p><i>BofA Securities</i> published a research report (not publicly available) titled &#34;App Store Revenue Declines Low Single Digit&#34; on December 1, 2022. As per <i>SensorTower</i> data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store&#39;s Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.</p><p>Separately, a December 13, 2022, <i>Seeking Alpha News</i> article cited a <i>Bloomberg</i> report mentioning that AAPL &#34;may soon allow third-party app stores on its iconic iPhones and iPads&#34; so as &#34;to comply with regulations from the European Union.&#34; It is natural for investors to be concerned that the App Store&#39;s future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.</p><p>Another key concern for investors is iPhone production. <i>Seeking Alpha News</i> reported on December 20, 2022, that J.P. Morgan&#39;s (JPM) sell-side analyst covering Apple&#39;s shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.</p><p>The majority of Wall Street analysts also have a bearish view of Apple&#39;s iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple&#39;s consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple&#39;s stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.</p><p>It is easy to understand why Apple&#39;s share price has dipped recently, after a review of the key metrics disclosed in this section of the article.</p><h2>Is It Fairly Valued Now?</h2><p>I am of the view that Apple&#39;s shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.</p><p>AAPL trades at 21.0 times consensus forward next twelve months&#39; normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per <i>S&amp;P Capital IQ&#39;s</i> valuation data. Furthermore, Apple&#39;s current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.</p><p>I touch on the potential of a recovery in Apple&#39;s stock price in the next section.</p><h2>Will Apple Recover?</h2><p>I believe that AAPL&#39;s share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.</p><p>With regards to the App Store, its future performance might be better than what the market feared.</p><p>The App Store witnessed its first YoY revenue growth in six months, based on <i>Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>&#39;s</i> December 2022 data highlighted in this recent January 3, 2022, <i>Seeking Alpha News</i> article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple&#39;s Q1 FY 2023 and full-year FY 2023 financial results, AAPL&#39;s actual Services revenue and overall top line might beat market expectations.</p><p>Also, fewer iPhone users might either switch to alternative app stores or download apps from developers&#39; websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled &#34;App Store Competition? Bring It On&#34; published by <i>Morgan Stanley</i> (MS), slightly more than a quarter of iPhone users are &#34;extremely likely&#34; to switch away from the App Store for app downloads as per <i>MS&#39;</i> consumer survey which should translate into a -4% decrease in Apple&#39;s Services revenue (or -1% contraction in overall top line).</p><p>On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.</p><p>A January 3, 2023 <i>Seeking Alpha News</i> article highlighted that Apple&#39;s key iPhone production plant in China has recovered to run at &#34;90% capacity&#34; again. Also, an earlier December 27, 2022, report (not publicly available) titled &#34;Improving iPhone Lead Times&#34; issued by <i>Credit Suisse</i> (CS) noted that the lead times for the new iPhone 14 models have already declined from the &#34;20+ days&#34; for the December 19 week to &#34;10-17 days&#34; for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.</p><p>In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL&#39;s concentration risks relating to China production over time.</p><p>In a nutshell, there are positive signs which suggest that Apple&#39;s shares are due for a recovery.</p><h2>Is AAPL Stock A Buy During The Dip?</h2><p>Apple is a Buy during the dip, considering recent positive developments such as App Store&#39;s December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL&#39;s valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.</p><p><i>This article is written by The Value Pendulum for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","collect":0,"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>Is Apple Stock A Buy During The Dip?</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; 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}\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\">\nIs Apple Stock A Buy During The Dip?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-11 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the...</p>\n\n<a href=\"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0056508442.USD":"贝莱德世界科技基金A2","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4573":"虚拟现实","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","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","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4170":"电脑硬件、储存设备及电脑周边","AAPL":"苹果","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4532":"文艺复兴科技持仓","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","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4515":"5G概念","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","BK4585":"ETF&股票定投概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4571":"数字音乐概念","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4566":"资本集团","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4579":"人工智能","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4527":"明星科技股","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0109392836.USD":"富兰克林科技股A"},"source_url":"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302019578","content_text":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's (NASDAQ:AAPL) stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL's Services revenue in the future.I turn my attention to the topic of why investors should take advantage of the recent dip in Apple's share price in the current update. AAPL's forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple's shares as deserving of a Buy rating.Why Has Apple's Share Price Dipped?In the past month, AAPL's stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&P 500. Apple's last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.I think that Apple's share price dip is attributable to the market's concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.AAPL Stock Key MetricsInvestors are worried about the App Store's recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.BofA Securities published a research report (not publicly available) titled \"App Store Revenue Declines Low Single Digit\" on December 1, 2022. As per SensorTower data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store's Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.Separately, a December 13, 2022, Seeking Alpha News article cited a Bloomberg report mentioning that AAPL \"may soon allow third-party app stores on its iconic iPhones and iPads\" so as \"to comply with regulations from the European Union.\" It is natural for investors to be concerned that the App Store's future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.Another key concern for investors is iPhone production. Seeking Alpha News reported on December 20, 2022, that J.P. Morgan's (JPM) sell-side analyst covering Apple's shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.The majority of Wall Street analysts also have a bearish view of Apple's iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple's consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple's stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.It is easy to understand why Apple's share price has dipped recently, after a review of the key metrics disclosed in this section of the article.Is It Fairly Valued Now?I am of the view that Apple's shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.AAPL trades at 21.0 times consensus forward next twelve months' normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per S&P Capital IQ's valuation data. Furthermore, Apple's current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.I touch on the potential of a recovery in Apple's stock price in the next section.Will Apple Recover?I believe that AAPL's share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.With regards to the App Store, its future performance might be better than what the market feared.The App Store witnessed its first YoY revenue growth in six months, based on Sensor Tower's December 2022 data highlighted in this recent January 3, 2022, Seeking Alpha News article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple's Q1 FY 2023 and full-year FY 2023 financial results, AAPL's actual Services revenue and overall top line might beat market expectations.Also, fewer iPhone users might either switch to alternative app stores or download apps from developers' websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled \"App Store Competition? Bring It On\" published by Morgan Stanley (MS), slightly more than a quarter of iPhone users are \"extremely likely\" to switch away from the App Store for app downloads as per MS' consumer survey which should translate into a -4% decrease in Apple's Services revenue (or -1% contraction in overall top line).On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.A January 3, 2023 Seeking Alpha News article highlighted that Apple's key iPhone production plant in China has recovered to run at \"90% capacity\" again. Also, an earlier December 27, 2022, report (not publicly available) titled \"Improving iPhone Lead Times\" issued by Credit Suisse (CS) noted that the lead times for the new iPhone 14 models have already declined from the \"20+ days\" for the December 19 week to \"10-17 days\" for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL's concentration risks relating to China production over time.In a nutshell, there are positive signs which suggest that Apple's shares are due for a recovery.Is AAPL Stock A Buy During The Dip?Apple is a Buy during the dip, considering recent positive developments such as App Store's December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL's valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.This article is written by The Value Pendulum for reference only. Please note the risks.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951180383,"gmtCreate":1673422063643,"gmtModify":1676538834120,"author":{"id":"3577583677378683","authorId":"3577583677378683","name":"Moonbyul","avatar":"https://static.tigerbbs.com/c3393b4f329ea99dc510e630ecfecd61","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"3577583677378683","authorIdStr":"3577583677378683"},"htmlText":"If Apple stock drop to below $100&nbsp;I will buy more of it 👍🏻","listText":"If Apple stock drop to below $100&nbsp;I will buy more of it 👍🏻","text":"If Apple stock drop to below $100 I will buy more of it 👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951180383","repostId":2302019578,"repostType":2,"repost":{"id":"2302019578","kind":"highlight","pubTimestamp":1673420400,"share":"https://ttm.financial/m/news/2302019578?lang=&edition=fundamental","pubTime":"2023-01-11 15:00","market":"us","language":"en","title":"Is Apple Stock A Buy During The Dip?","url":"https://stock-news.laohu8.com/highlight/detail?id=2302019578","media":"Seeking Alpha","summary":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's  stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Apple&#39;s stock price suffered from a dip due to investors&#39; worries regarding the App Store&#39;s performance and iPhone production.</li><li>AAPL&#39;s share price should see a recovery in the near future, as the market&#39;s concerns are overdone.</li><li>I remain bullish on Apple, as I deem AAPL&#39;s shares to be a buy during the dip.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f1fca7442e64a81cfd932604d5925aa\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>chris-mueller</span></p><h2>Elevator Pitch</h2><p>My Buy rating for Apple&#39;s (NASDAQ:AAPL) stock remains unchanged.</p><p>In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL&#39;s Services revenue in the future.</p><p>I turn my attention to the topic of why investors should take advantage of the recent dip in Apple&#39;s share price in the current update. AAPL&#39;s forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple&#39;s shares as deserving of a Buy rating.</p><h2>Why Has Apple&#39;s Share Price Dipped?</h2><p>In the past month, AAPL&#39;s stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&amp;P 500. Apple&#39;s last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.</p><p>I think that Apple&#39;s share price dip is attributable to the market&#39;s concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.</p><h2>AAPL Stock Key Metrics</h2><p>Investors are worried about the App Store&#39;s recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.</p><p><i>BofA Securities</i> published a research report (not publicly available) titled &#34;App Store Revenue Declines Low Single Digit&#34; on December 1, 2022. As per <i>SensorTower</i> data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store&#39;s Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.</p><p>Separately, a December 13, 2022, <i>Seeking Alpha News</i> article cited a <i>Bloomberg</i> report mentioning that AAPL &#34;may soon allow third-party app stores on its iconic iPhones and iPads&#34; so as &#34;to comply with regulations from the European Union.&#34; It is natural for investors to be concerned that the App Store&#39;s future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.</p><p>Another key concern for investors is iPhone production. <i>Seeking Alpha News</i> reported on December 20, 2022, that J.P. Morgan&#39;s (JPM) sell-side analyst covering Apple&#39;s shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.</p><p>The majority of Wall Street analysts also have a bearish view of Apple&#39;s iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple&#39;s consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple&#39;s stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.</p><p>It is easy to understand why Apple&#39;s share price has dipped recently, after a review of the key metrics disclosed in this section of the article.</p><h2>Is It Fairly Valued Now?</h2><p>I am of the view that Apple&#39;s shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.</p><p>AAPL trades at 21.0 times consensus forward next twelve months&#39; normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per <i>S&amp;P Capital IQ&#39;s</i> valuation data. Furthermore, Apple&#39;s current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.</p><p>I touch on the potential of a recovery in Apple&#39;s stock price in the next section.</p><h2>Will Apple Recover?</h2><p>I believe that AAPL&#39;s share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.</p><p>With regards to the App Store, its future performance might be better than what the market feared.</p><p>The App Store witnessed its first YoY revenue growth in six months, based on <i>Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>&#39;s</i> December 2022 data highlighted in this recent January 3, 2022, <i>Seeking Alpha News</i> article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple&#39;s Q1 FY 2023 and full-year FY 2023 financial results, AAPL&#39;s actual Services revenue and overall top line might beat market expectations.</p><p>Also, fewer iPhone users might either switch to alternative app stores or download apps from developers&#39; websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled &#34;App Store Competition? Bring It On&#34; published by <i>Morgan Stanley</i> (MS), slightly more than a quarter of iPhone users are &#34;extremely likely&#34; to switch away from the App Store for app downloads as per <i>MS&#39;</i> consumer survey which should translate into a -4% decrease in Apple&#39;s Services revenue (or -1% contraction in overall top line).</p><p>On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.</p><p>A January 3, 2023 <i>Seeking Alpha News</i> article highlighted that Apple&#39;s key iPhone production plant in China has recovered to run at &#34;90% capacity&#34; again. Also, an earlier December 27, 2022, report (not publicly available) titled &#34;Improving iPhone Lead Times&#34; issued by <i>Credit Suisse</i> (CS) noted that the lead times for the new iPhone 14 models have already declined from the &#34;20+ days&#34; for the December 19 week to &#34;10-17 days&#34; for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.</p><p>In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL&#39;s concentration risks relating to China production over time.</p><p>In a nutshell, there are positive signs which suggest that Apple&#39;s shares are due for a recovery.</p><h2>Is AAPL Stock A Buy During The Dip?</h2><p>Apple is a Buy during the dip, considering recent positive developments such as App Store&#39;s December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL&#39;s valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.</p><p><i>This article is written by The Value Pendulum for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","collect":0,"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>Is Apple Stock A Buy During The Dip?</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; 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}\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\">\nIs Apple Stock A Buy During The Dip?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-11 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the...</p>\n\n<a href=\"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0056508442.USD":"贝莱德世界科技基金A2","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4573":"虚拟现实","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","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","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4170":"电脑硬件、储存设备及电脑周边","AAPL":"苹果","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4532":"文艺复兴科技持仓","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","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4515":"5G概念","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","BK4585":"ETF&股票定投概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4571":"数字音乐概念","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4566":"资本集团","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4579":"人工智能","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4527":"明星科技股","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0109392836.USD":"富兰克林科技股A"},"source_url":"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302019578","content_text":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's (NASDAQ:AAPL) stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL's Services revenue in the future.I turn my attention to the topic of why investors should take advantage of the recent dip in Apple's share price in the current update. AAPL's forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple's shares as deserving of a Buy rating.Why Has Apple's Share Price Dipped?In the past month, AAPL's stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&P 500. Apple's last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.I think that Apple's share price dip is attributable to the market's concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.AAPL Stock Key MetricsInvestors are worried about the App Store's recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.BofA Securities published a research report (not publicly available) titled \"App Store Revenue Declines Low Single Digit\" on December 1, 2022. As per SensorTower data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store's Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.Separately, a December 13, 2022, Seeking Alpha News article cited a Bloomberg report mentioning that AAPL \"may soon allow third-party app stores on its iconic iPhones and iPads\" so as \"to comply with regulations from the European Union.\" It is natural for investors to be concerned that the App Store's future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.Another key concern for investors is iPhone production. Seeking Alpha News reported on December 20, 2022, that J.P. Morgan's (JPM) sell-side analyst covering Apple's shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.The majority of Wall Street analysts also have a bearish view of Apple's iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple's consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple's stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.It is easy to understand why Apple's share price has dipped recently, after a review of the key metrics disclosed in this section of the article.Is It Fairly Valued Now?I am of the view that Apple's shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.AAPL trades at 21.0 times consensus forward next twelve months' normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per S&P Capital IQ's valuation data. Furthermore, Apple's current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.I touch on the potential of a recovery in Apple's stock price in the next section.Will Apple Recover?I believe that AAPL's share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.With regards to the App Store, its future performance might be better than what the market feared.The App Store witnessed its first YoY revenue growth in six months, based on Sensor Tower's December 2022 data highlighted in this recent January 3, 2022, Seeking Alpha News article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple's Q1 FY 2023 and full-year FY 2023 financial results, AAPL's actual Services revenue and overall top line might beat market expectations.Also, fewer iPhone users might either switch to alternative app stores or download apps from developers' websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled \"App Store Competition? Bring It On\" published by Morgan Stanley (MS), slightly more than a quarter of iPhone users are \"extremely likely\" to switch away from the App Store for app downloads as per MS' consumer survey which should translate into a -4% decrease in Apple's Services revenue (or -1% contraction in overall top line).On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.A January 3, 2023 Seeking Alpha News article highlighted that Apple's key iPhone production plant in China has recovered to run at \"90% capacity\" again. Also, an earlier December 27, 2022, report (not publicly available) titled \"Improving iPhone Lead Times\" issued by Credit Suisse (CS) noted that the lead times for the new iPhone 14 models have already declined from the \"20+ days\" for the December 19 week to \"10-17 days\" for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL's concentration risks relating to China production over time.In a nutshell, there are positive signs which suggest that Apple's shares are due for a recovery.Is AAPL Stock A Buy During The Dip?Apple is a Buy during the dip, considering recent positive developments such as App Store's December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL's valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.This article is written by The Value Pendulum for reference only. Please note the risks.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951114867,"gmtCreate":1673421453860,"gmtModify":1676538834051,"author":{"id":"4118995891452552","authorId":"4118995891452552","name":"Agedashi","avatar":"https://community-static.tradeup.com/news/b387c656730b99f1adeb7cc29ae84fe3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4118995891452552","authorIdStr":"4118995891452552"},"htmlText":"are we there yet&nbsp;","listText":"are we there yet&nbsp;","text":"are we there yet","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9951114867","repostId":2302019578,"repostType":2,"repost":{"id":"2302019578","kind":"highlight","pubTimestamp":1673420400,"share":"https://ttm.financial/m/news/2302019578?lang=&edition=fundamental","pubTime":"2023-01-11 15:00","market":"us","language":"en","title":"Is Apple Stock A Buy During The Dip?","url":"https://stock-news.laohu8.com/highlight/detail?id=2302019578","media":"Seeking Alpha","summary":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's  stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Apple&#39;s stock price suffered from a dip due to investors&#39; worries regarding the App Store&#39;s performance and iPhone production.</li><li>AAPL&#39;s share price should see a recovery in the near future, as the market&#39;s concerns are overdone.</li><li>I remain bullish on Apple, as I deem AAPL&#39;s shares to be a buy during the dip.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f1fca7442e64a81cfd932604d5925aa\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>chris-mueller</span></p><h2>Elevator Pitch</h2><p>My Buy rating for Apple&#39;s (NASDAQ:AAPL) stock remains unchanged.</p><p>In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL&#39;s Services revenue in the future.</p><p>I turn my attention to the topic of why investors should take advantage of the recent dip in Apple&#39;s share price in the current update. AAPL&#39;s forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple&#39;s shares as deserving of a Buy rating.</p><h2>Why Has Apple&#39;s Share Price Dipped?</h2><p>In the past month, AAPL&#39;s stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&amp;P 500. Apple&#39;s last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.</p><p>I think that Apple&#39;s share price dip is attributable to the market&#39;s concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.</p><h2>AAPL Stock Key Metrics</h2><p>Investors are worried about the App Store&#39;s recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.</p><p><i>BofA Securities</i> published a research report (not publicly available) titled &#34;App Store Revenue Declines Low Single Digit&#34; on December 1, 2022. As per <i>SensorTower</i> data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store&#39;s Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.</p><p>Separately, a December 13, 2022, <i>Seeking Alpha News</i> article cited a <i>Bloomberg</i> report mentioning that AAPL &#34;may soon allow third-party app stores on its iconic iPhones and iPads&#34; so as &#34;to comply with regulations from the European Union.&#34; It is natural for investors to be concerned that the App Store&#39;s future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.</p><p>Another key concern for investors is iPhone production. <i>Seeking Alpha News</i> reported on December 20, 2022, that J.P. Morgan&#39;s (JPM) sell-side analyst covering Apple&#39;s shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.</p><p>The majority of Wall Street analysts also have a bearish view of Apple&#39;s iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple&#39;s consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple&#39;s stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.</p><p>It is easy to understand why Apple&#39;s share price has dipped recently, after a review of the key metrics disclosed in this section of the article.</p><h2>Is It Fairly Valued Now?</h2><p>I am of the view that Apple&#39;s shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.</p><p>AAPL trades at 21.0 times consensus forward next twelve months&#39; normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per <i>S&amp;P Capital IQ&#39;s</i> valuation data. Furthermore, Apple&#39;s current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.</p><p>I touch on the potential of a recovery in Apple&#39;s stock price in the next section.</p><h2>Will Apple Recover?</h2><p>I believe that AAPL&#39;s share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.</p><p>With regards to the App Store, its future performance might be better than what the market feared.</p><p>The App Store witnessed its first YoY revenue growth in six months, based on <i>Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>&#39;s</i> December 2022 data highlighted in this recent January 3, 2022, <i>Seeking Alpha News</i> article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple&#39;s Q1 FY 2023 and full-year FY 2023 financial results, AAPL&#39;s actual Services revenue and overall top line might beat market expectations.</p><p>Also, fewer iPhone users might either switch to alternative app stores or download apps from developers&#39; websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled &#34;App Store Competition? Bring It On&#34; published by <i>Morgan Stanley</i> (MS), slightly more than a quarter of iPhone users are &#34;extremely likely&#34; to switch away from the App Store for app downloads as per <i>MS&#39;</i> consumer survey which should translate into a -4% decrease in Apple&#39;s Services revenue (or -1% contraction in overall top line).</p><p>On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.</p><p>A January 3, 2023 <i>Seeking Alpha News</i> article highlighted that Apple&#39;s key iPhone production plant in China has recovered to run at &#34;90% capacity&#34; again. Also, an earlier December 27, 2022, report (not publicly available) titled &#34;Improving iPhone Lead Times&#34; issued by <i>Credit Suisse</i> (CS) noted that the lead times for the new iPhone 14 models have already declined from the &#34;20+ days&#34; for the December 19 week to &#34;10-17 days&#34; for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.</p><p>In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL&#39;s concentration risks relating to China production over time.</p><p>In a nutshell, there are positive signs which suggest that Apple&#39;s shares are due for a recovery.</p><h2>Is AAPL Stock A Buy During The Dip?</h2><p>Apple is a Buy during the dip, considering recent positive developments such as App Store&#39;s December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL&#39;s valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.</p><p><i>This article is written by The Value Pendulum for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","collect":0,"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>Is Apple Stock A Buy During The Dip?</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; 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}\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\">\nIs Apple Stock A Buy During The Dip?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-11 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the...</p>\n\n<a href=\"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0056508442.USD":"贝莱德世界科技基金A2","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4573":"虚拟现实","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","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","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4170":"电脑硬件、储存设备及电脑周边","AAPL":"苹果","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4532":"文艺复兴科技持仓","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","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4515":"5G概念","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","BK4585":"ETF&股票定投概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4571":"数字音乐概念","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4566":"资本集团","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4579":"人工智能","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4527":"明星科技股","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0109392836.USD":"富兰克林科技股A"},"source_url":"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302019578","content_text":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's (NASDAQ:AAPL) stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL's Services revenue in the future.I turn my attention to the topic of why investors should take advantage of the recent dip in Apple's share price in the current update. AAPL's forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple's shares as deserving of a Buy rating.Why Has Apple's Share Price Dipped?In the past month, AAPL's stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&P 500. Apple's last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.I think that Apple's share price dip is attributable to the market's concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.AAPL Stock Key MetricsInvestors are worried about the App Store's recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.BofA Securities published a research report (not publicly available) titled \"App Store Revenue Declines Low Single Digit\" on December 1, 2022. As per SensorTower data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store's Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.Separately, a December 13, 2022, Seeking Alpha News article cited a Bloomberg report mentioning that AAPL \"may soon allow third-party app stores on its iconic iPhones and iPads\" so as \"to comply with regulations from the European Union.\" It is natural for investors to be concerned that the App Store's future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.Another key concern for investors is iPhone production. Seeking Alpha News reported on December 20, 2022, that J.P. Morgan's (JPM) sell-side analyst covering Apple's shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.The majority of Wall Street analysts also have a bearish view of Apple's iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple's consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple's stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.It is easy to understand why Apple's share price has dipped recently, after a review of the key metrics disclosed in this section of the article.Is It Fairly Valued Now?I am of the view that Apple's shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.AAPL trades at 21.0 times consensus forward next twelve months' normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per S&P Capital IQ's valuation data. Furthermore, Apple's current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.I touch on the potential of a recovery in Apple's stock price in the next section.Will Apple Recover?I believe that AAPL's share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.With regards to the App Store, its future performance might be better than what the market feared.The App Store witnessed its first YoY revenue growth in six months, based on Sensor Tower's December 2022 data highlighted in this recent January 3, 2022, Seeking Alpha News article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple's Q1 FY 2023 and full-year FY 2023 financial results, AAPL's actual Services revenue and overall top line might beat market expectations.Also, fewer iPhone users might either switch to alternative app stores or download apps from developers' websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled \"App Store Competition? Bring It On\" published by Morgan Stanley (MS), slightly more than a quarter of iPhone users are \"extremely likely\" to switch away from the App Store for app downloads as per MS' consumer survey which should translate into a -4% decrease in Apple's Services revenue (or -1% contraction in overall top line).On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.A January 3, 2023 Seeking Alpha News article highlighted that Apple's key iPhone production plant in China has recovered to run at \"90% capacity\" again. Also, an earlier December 27, 2022, report (not publicly available) titled \"Improving iPhone Lead Times\" issued by Credit Suisse (CS) noted that the lead times for the new iPhone 14 models have already declined from the \"20+ days\" for the December 19 week to \"10-17 days\" for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL's concentration risks relating to China production over time.In a nutshell, there are positive signs which suggest that Apple's shares are due for a recovery.Is AAPL Stock A Buy During The Dip?Apple is a Buy during the dip, considering recent positive developments such as App Store's December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL's valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.This article is written by The Value Pendulum for reference only. Please note the risks.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105529027,"gmtCreate":1673424625529,"gmtModify":1673424638706,"authorId":4088591126250580,"author":{"id":4088591126250580,"idStr":"4088591126250580","authorId":4088591126250580,"name":"C1238","avatar":"https://static.tigerbbs.com/1c3415ee92c7e6c23d07e6173daae4d7","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.04.25","exceedPercentage":"60.66%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9951114867,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Bo</span>","text":"<span class=\"s1\">Bo</span>","html":"<span class=\"s1\">Bo</span>"},{"id":105528679,"gmtCreate":1673421500095,"gmtModify":1673421513735,"authorId":3580988274582448,"author":{"id":3580988274582448,"idStr":"3580988274582448","authorId":3580988274582448,"name":"BullishKing","avatar":"https://community-static.tradeup.com/news/8e57a03283c997f83948f8c331be008d","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9951114867,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":9951116242,"gmtCreate":1673420493787,"gmtModify":1676538833973,"author":{"id":"3575311552142146","authorId":"3575311552142146","name":"myLaohor","avatar":"https://static.tigerbbs.com/1ee11e351b6ef6ec0c8751da005b4a83","vip":1,"hat":"https://static.tigerbbs.com/d30fc324d24ff33075e053005564f0df","crmLevel":1,"crmLevelSwitch":0,"idStr":"3575311552142146","authorIdStr":"3575311552142146"},"htmlText":"Should ask what the best price to buy during the dip... lol😁","listText":"Should ask what the best price to buy during the dip... lol😁","text":"Should ask what the best price to buy during the dip... lol😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951116242","repostId":2302019578,"repostType":2,"repost":{"id":"2302019578","kind":"highlight","pubTimestamp":1673420400,"share":"https://ttm.financial/m/news/2302019578?lang=&edition=fundamental","pubTime":"2023-01-11 15:00","market":"us","language":"en","title":"Is Apple Stock A Buy During The Dip?","url":"https://stock-news.laohu8.com/highlight/detail?id=2302019578","media":"Seeking Alpha","summary":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's  stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Apple&#39;s stock price suffered from a dip due to investors&#39; worries regarding the App Store&#39;s performance and iPhone production.</li><li>AAPL&#39;s share price should see a recovery in the near future, as the market&#39;s concerns are overdone.</li><li>I remain bullish on Apple, as I deem AAPL&#39;s shares to be a buy during the dip.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f1fca7442e64a81cfd932604d5925aa\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>chris-mueller</span></p><h2>Elevator Pitch</h2><p>My Buy rating for Apple&#39;s (NASDAQ:AAPL) stock remains unchanged.</p><p>In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL&#39;s Services revenue in the future.</p><p>I turn my attention to the topic of why investors should take advantage of the recent dip in Apple&#39;s share price in the current update. AAPL&#39;s forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple&#39;s shares as deserving of a Buy rating.</p><h2>Why Has Apple&#39;s Share Price Dipped?</h2><p>In the past month, AAPL&#39;s stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&amp;P 500. Apple&#39;s last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.</p><p>I think that Apple&#39;s share price dip is attributable to the market&#39;s concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.</p><h2>AAPL Stock Key Metrics</h2><p>Investors are worried about the App Store&#39;s recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.</p><p><i>BofA Securities</i> published a research report (not publicly available) titled &#34;App Store Revenue Declines Low Single Digit&#34; on December 1, 2022. As per <i>SensorTower</i> data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store&#39;s Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.</p><p>Separately, a December 13, 2022, <i>Seeking Alpha News</i> article cited a <i>Bloomberg</i> report mentioning that AAPL &#34;may soon allow third-party app stores on its iconic iPhones and iPads&#34; so as &#34;to comply with regulations from the European Union.&#34; It is natural for investors to be concerned that the App Store&#39;s future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.</p><p>Another key concern for investors is iPhone production. <i>Seeking Alpha News</i> reported on December 20, 2022, that J.P. Morgan&#39;s (JPM) sell-side analyst covering Apple&#39;s shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.</p><p>The majority of Wall Street analysts also have a bearish view of Apple&#39;s iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple&#39;s consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple&#39;s stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.</p><p>It is easy to understand why Apple&#39;s share price has dipped recently, after a review of the key metrics disclosed in this section of the article.</p><h2>Is It Fairly Valued Now?</h2><p>I am of the view that Apple&#39;s shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.</p><p>AAPL trades at 21.0 times consensus forward next twelve months&#39; normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per <i>S&amp;P Capital IQ&#39;s</i> valuation data. Furthermore, Apple&#39;s current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.</p><p>I touch on the potential of a recovery in Apple&#39;s stock price in the next section.</p><h2>Will Apple Recover?</h2><p>I believe that AAPL&#39;s share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.</p><p>With regards to the App Store, its future performance might be better than what the market feared.</p><p>The App Store witnessed its first YoY revenue growth in six months, based on <i>Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>&#39;s</i> December 2022 data highlighted in this recent January 3, 2022, <i>Seeking Alpha News</i> article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple&#39;s Q1 FY 2023 and full-year FY 2023 financial results, AAPL&#39;s actual Services revenue and overall top line might beat market expectations.</p><p>Also, fewer iPhone users might either switch to alternative app stores or download apps from developers&#39; websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled &#34;App Store Competition? Bring It On&#34; published by <i>Morgan Stanley</i> (MS), slightly more than a quarter of iPhone users are &#34;extremely likely&#34; to switch away from the App Store for app downloads as per <i>MS&#39;</i> consumer survey which should translate into a -4% decrease in Apple&#39;s Services revenue (or -1% contraction in overall top line).</p><p>On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.</p><p>A January 3, 2023 <i>Seeking Alpha News</i> article highlighted that Apple&#39;s key iPhone production plant in China has recovered to run at &#34;90% capacity&#34; again. Also, an earlier December 27, 2022, report (not publicly available) titled &#34;Improving iPhone Lead Times&#34; issued by <i>Credit Suisse</i> (CS) noted that the lead times for the new iPhone 14 models have already declined from the &#34;20+ days&#34; for the December 19 week to &#34;10-17 days&#34; for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.</p><p>In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL&#39;s concentration risks relating to China production over time.</p><p>In a nutshell, there are positive signs which suggest that Apple&#39;s shares are due for a recovery.</p><h2>Is AAPL Stock A Buy During The Dip?</h2><p>Apple is a Buy during the dip, considering recent positive developments such as App Store&#39;s December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL&#39;s valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.</p><p><i>This article is written by The Value Pendulum for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","collect":0,"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>Is Apple Stock A Buy During The Dip?</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; 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}\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\">\nIs Apple Stock A Buy During The Dip?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-11 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the...</p>\n\n<a href=\"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0056508442.USD":"贝莱德世界科技基金A2","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4573":"虚拟现实","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","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","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4170":"电脑硬件、储存设备及电脑周边","AAPL":"苹果","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4532":"文艺复兴科技持仓","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","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4515":"5G概念","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","BK4585":"ETF&股票定投概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4571":"数字音乐概念","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4566":"资本集团","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4579":"人工智能","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4527":"明星科技股","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0109392836.USD":"富兰克林科技股A"},"source_url":"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302019578","content_text":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's (NASDAQ:AAPL) stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL's Services revenue in the future.I turn my attention to the topic of why investors should take advantage of the recent dip in Apple's share price in the current update. AAPL's forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple's shares as deserving of a Buy rating.Why Has Apple's Share Price Dipped?In the past month, AAPL's stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&P 500. Apple's last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.I think that Apple's share price dip is attributable to the market's concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.AAPL Stock Key MetricsInvestors are worried about the App Store's recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.BofA Securities published a research report (not publicly available) titled \"App Store Revenue Declines Low Single Digit\" on December 1, 2022. As per SensorTower data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store's Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.Separately, a December 13, 2022, Seeking Alpha News article cited a Bloomberg report mentioning that AAPL \"may soon allow third-party app stores on its iconic iPhones and iPads\" so as \"to comply with regulations from the European Union.\" It is natural for investors to be concerned that the App Store's future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.Another key concern for investors is iPhone production. Seeking Alpha News reported on December 20, 2022, that J.P. Morgan's (JPM) sell-side analyst covering Apple's shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.The majority of Wall Street analysts also have a bearish view of Apple's iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple's consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple's stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.It is easy to understand why Apple's share price has dipped recently, after a review of the key metrics disclosed in this section of the article.Is It Fairly Valued Now?I am of the view that Apple's shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.AAPL trades at 21.0 times consensus forward next twelve months' normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per S&P Capital IQ's valuation data. Furthermore, Apple's current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.I touch on the potential of a recovery in Apple's stock price in the next section.Will Apple Recover?I believe that AAPL's share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.With regards to the App Store, its future performance might be better than what the market feared.The App Store witnessed its first YoY revenue growth in six months, based on Sensor Tower's December 2022 data highlighted in this recent January 3, 2022, Seeking Alpha News article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple's Q1 FY 2023 and full-year FY 2023 financial results, AAPL's actual Services revenue and overall top line might beat market expectations.Also, fewer iPhone users might either switch to alternative app stores or download apps from developers' websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled \"App Store Competition? Bring It On\" published by Morgan Stanley (MS), slightly more than a quarter of iPhone users are \"extremely likely\" to switch away from the App Store for app downloads as per MS' consumer survey which should translate into a -4% decrease in Apple's Services revenue (or -1% contraction in overall top line).On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.A January 3, 2023 Seeking Alpha News article highlighted that Apple's key iPhone production plant in China has recovered to run at \"90% capacity\" again. Also, an earlier December 27, 2022, report (not publicly available) titled \"Improving iPhone Lead Times\" issued by Credit Suisse (CS) noted that the lead times for the new iPhone 14 models have already declined from the \"20+ days\" for the December 19 week to \"10-17 days\" for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL's concentration risks relating to China production over time.In a nutshell, there are positive signs which suggest that Apple's shares are due for a recovery.Is AAPL Stock A Buy During The Dip?Apple is a Buy during the dip, considering recent positive developments such as App Store's December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL's valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.This article is written by The Value Pendulum for reference only. Please note the risks.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951108144,"gmtCreate":1673410686589,"gmtModify":1676538832536,"author":{"id":"3581563418944392","authorId":"3581563418944392","name":"Andrewinho","avatar":"https://static.tigerbbs.com/3127e2bc40ab23064a5187a00a63e19b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581563418944392","authorIdStr":"3581563418944392"},"htmlText":"Opportunity!! 🤭🤭🤭","listText":"Opportunity!! 🤭🤭🤭","text":"Opportunity!! 🤭🤭🤭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9951108144","repostId":2302019578,"repostType":4,"repost":{"id":"2302019578","kind":"highlight","pubTimestamp":1673420400,"share":"https://ttm.financial/m/news/2302019578?lang=&edition=fundamental","pubTime":"2023-01-11 15:00","market":"us","language":"en","title":"Is Apple Stock A Buy During The Dip?","url":"https://stock-news.laohu8.com/highlight/detail?id=2302019578","media":"Seeking Alpha","summary":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's  stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Apple&#39;s stock price suffered from a dip due to investors&#39; worries regarding the App Store&#39;s performance and iPhone production.</li><li>AAPL&#39;s share price should see a recovery in the near future, as the market&#39;s concerns are overdone.</li><li>I remain bullish on Apple, as I deem AAPL&#39;s shares to be a buy during the dip.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f1fca7442e64a81cfd932604d5925aa\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>chris-mueller</span></p><h2>Elevator Pitch</h2><p>My Buy rating for Apple&#39;s (NASDAQ:AAPL) stock remains unchanged.</p><p>In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL&#39;s Services revenue in the future.</p><p>I turn my attention to the topic of why investors should take advantage of the recent dip in Apple&#39;s share price in the current update. AAPL&#39;s forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple&#39;s shares as deserving of a Buy rating.</p><h2>Why Has Apple&#39;s Share Price Dipped?</h2><p>In the past month, AAPL&#39;s stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&amp;P 500. Apple&#39;s last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.</p><p>I think that Apple&#39;s share price dip is attributable to the market&#39;s concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.</p><h2>AAPL Stock Key Metrics</h2><p>Investors are worried about the App Store&#39;s recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.</p><p><i>BofA Securities</i> published a research report (not publicly available) titled &#34;App Store Revenue Declines Low Single Digit&#34; on December 1, 2022. As per <i>SensorTower</i> data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store&#39;s Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.</p><p>Separately, a December 13, 2022, <i>Seeking Alpha News</i> article cited a <i>Bloomberg</i> report mentioning that AAPL &#34;may soon allow third-party app stores on its iconic iPhones and iPads&#34; so as &#34;to comply with regulations from the European Union.&#34; It is natural for investors to be concerned that the App Store&#39;s future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.</p><p>Another key concern for investors is iPhone production. <i>Seeking Alpha News</i> reported on December 20, 2022, that J.P. Morgan&#39;s (JPM) sell-side analyst covering Apple&#39;s shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.</p><p>The majority of Wall Street analysts also have a bearish view of Apple&#39;s iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple&#39;s consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple&#39;s stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.</p><p>It is easy to understand why Apple&#39;s share price has dipped recently, after a review of the key metrics disclosed in this section of the article.</p><h2>Is It Fairly Valued Now?</h2><p>I am of the view that Apple&#39;s shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.</p><p>AAPL trades at 21.0 times consensus forward next twelve months&#39; normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per <i>S&amp;P Capital IQ&#39;s</i> valuation data. Furthermore, Apple&#39;s current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.</p><p>I touch on the potential of a recovery in Apple&#39;s stock price in the next section.</p><h2>Will Apple Recover?</h2><p>I believe that AAPL&#39;s share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.</p><p>With regards to the App Store, its future performance might be better than what the market feared.</p><p>The App Store witnessed its first YoY revenue growth in six months, based on <i>Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>&#39;s</i> December 2022 data highlighted in this recent January 3, 2022, <i>Seeking Alpha News</i> article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple&#39;s Q1 FY 2023 and full-year FY 2023 financial results, AAPL&#39;s actual Services revenue and overall top line might beat market expectations.</p><p>Also, fewer iPhone users might either switch to alternative app stores or download apps from developers&#39; websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled &#34;App Store Competition? Bring It On&#34; published by <i>Morgan Stanley</i> (MS), slightly more than a quarter of iPhone users are &#34;extremely likely&#34; to switch away from the App Store for app downloads as per <i>MS&#39;</i> consumer survey which should translate into a -4% decrease in Apple&#39;s Services revenue (or -1% contraction in overall top line).</p><p>On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.</p><p>A January 3, 2023 <i>Seeking Alpha News</i> article highlighted that Apple&#39;s key iPhone production plant in China has recovered to run at &#34;90% capacity&#34; again. Also, an earlier December 27, 2022, report (not publicly available) titled &#34;Improving iPhone Lead Times&#34; issued by <i>Credit Suisse</i> (CS) noted that the lead times for the new iPhone 14 models have already declined from the &#34;20+ days&#34; for the December 19 week to &#34;10-17 days&#34; for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.</p><p>In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL&#39;s concentration risks relating to China production over time.</p><p>In a nutshell, there are positive signs which suggest that Apple&#39;s shares are due for a recovery.</p><h2>Is AAPL Stock A Buy During The Dip?</h2><p>Apple is a Buy during the dip, considering recent positive developments such as App Store&#39;s December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL&#39;s valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.</p><p><i>This article is written by The Value Pendulum for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","collect":0,"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>Is Apple Stock A Buy During The Dip?</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; 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}\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\">\nIs Apple Stock A Buy During The Dip?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-11 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the...</p>\n\n<a href=\"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0056508442.USD":"贝莱德世界科技基金A2","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4573":"虚拟现实","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","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","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4170":"电脑硬件、储存设备及电脑周边","AAPL":"苹果","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4532":"文艺复兴科技持仓","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","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4515":"5G概念","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","BK4585":"ETF&股票定投概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4571":"数字音乐概念","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4566":"资本集团","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4579":"人工智能","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4527":"明星科技股","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0109392836.USD":"富兰克林科技股A"},"source_url":"https://seekingalpha.com/article/4568979-is-apple-stock-buy-during-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302019578","content_text":"SummaryApple's stock price suffered from a dip due to investors' worries regarding the App Store's performance and iPhone production.AAPL's share price should see a recovery in the near future, as the market's concerns are overdone.I remain bullish on Apple, as I deem AAPL's shares to be a buy during the dip.chris-muellerElevator PitchMy Buy rating for Apple's (NASDAQ:AAPL) stock remains unchanged.In my prior November 9, 2022, write-up for Apple, I discussed how the increase in paid subscriptions will drive the growth of AAPL's Services revenue in the future.I turn my attention to the topic of why investors should take advantage of the recent dip in Apple's share price in the current update. AAPL's forward P/E multiple has fallen to -21% below its three-year mean, and recent worries relating to the company appear to be overblown. In that respect, I view Apple's shares as deserving of a Buy rating.Why Has Apple's Share Price Dipped?In the past month, AAPL's stock price pulled back by -9.3% as compared to a -1.2% marginal decline for the S&P 500. Apple's last done share price of $129.62 as of January 6, 2023 is also -16.8% below its three-month high of $155.74 registered on October 28, 2022.I think that Apple's share price dip is attributable to the market's concerns about the App Store and iPhone. In the subsequent section, I highlight specific metrics relating to the two products and services, which explains why they have drawn investor attention.AAPL Stock Key MetricsInvestors are worried about the App Store's recent and future performance, and the risk of lower-than-expected iPhone production, and the metrics outlined below illustrate these issues.BofA Securities published a research report (not publicly available) titled \"App Store Revenue Declines Low Single Digit\" on December 1, 2022. As per SensorTower data cited in this report, revenue derived from the App Store decreased by -3.2% YoY for the period between October 1, 2022, and November 29, 2022. Specifically, a +2.6% increase in the number of App Store downloads was more than offset by a -5.7% drop in the App Store's Average Selling Price. These metrics seemed to confirm fears that consumers will reduce spending on the App Store and other Apple services in a weak economic environment.Separately, a December 13, 2022, Seeking Alpha News article cited a Bloomberg report mentioning that AAPL \"may soon allow third-party app stores on its iconic iPhones and iPads\" so as \"to comply with regulations from the European Union.\" It is natural for investors to be concerned that the App Store's future revenue might potentially decline if a significant proportion of app developers choose to bypass the App Store and offer their users the option of downloading their apps on other app stores or websites.Another key concern for investors is iPhone production. Seeking Alpha News reported on December 20, 2022, that J.P. Morgan's (JPM) sell-side analyst covering Apple's shares has reduced his or her Q1 FY 2023 (YE September 30) iPhone 14 shipment projections by four million units after considering supply chain disruptions in China due to the COVID-zero policy.The majority of Wall Street analysts also have a bearish view of Apple's iPhone sales and overall revenue in the near term judging by the change in consensus financial figures for AAPL. In the last three months, Apple's consensus Q1 FY 2023 topline was cut by -3.4%. Also, 31 of the 45 sell-side analysts covering Apple's stock made the decision to lower their respective fiscal 2023 revenue estimates for AAPL in the same time frame. The key risk is that a larger-than-expected number of consumers chose to either give up on buying a new iPhone or switched to competitors, rather than wait for the new iPhone to be made available again when supply normalizes.It is easy to understand why Apple's share price has dipped recently, after a review of the key metrics disclosed in this section of the article.Is It Fairly Valued Now?I am of the view that Apple's shares are undervalued, instead of being fairly valued, following the recent dip in its stock price.AAPL trades at 21.0 times consensus forward next twelve months' normalized P/E now, which is only slightly above its one-year forward P/E trough of 20.2 times as per S&P Capital IQ's valuation data. Furthermore, Apple's current P/E valuation multiple is a significant -21% below its three-year average P/E ratio of 26.6 times.I touch on the potential of a recovery in Apple's stock price in the next section.Will Apple Recover?I believe that AAPL's share price can recover from its recent dip, when investors realize that earlier concerns relating to the stock are overblown.With regards to the App Store, its future performance might be better than what the market feared.The App Store witnessed its first YoY revenue growth in six months, based on Sensor Tower's December 2022 data highlighted in this recent January 3, 2022, Seeking Alpha News article. This could mark an inflection point for App Store revenue, as we might have already seen the worst of App Store performance in 2H 2022 (calendar year). Given the bearish market expectations (as outlined in an earlier section of the article) for Apple's Q1 FY 2023 and full-year FY 2023 financial results, AAPL's actual Services revenue and overall top line might beat market expectations.Also, fewer iPhone users might either switch to alternative app stores or download apps from developers' websites than what investors anticipate. Based on a December 14, 2022, research report (not publicly available) titled \"App Store Competition? Bring It On\" published by Morgan Stanley (MS), slightly more than a quarter of iPhone users are \"extremely likely\" to switch away from the App Store for app downloads as per MS' consumer survey which should translate into a -4% decrease in Apple's Services revenue (or -1% contraction in overall top line).On the issue of supply chain disruptions affecting iPhone production, there are reasons to be optimistic considering short-term trends and long-term plans.A January 3, 2023 Seeking Alpha News article highlighted that Apple's key iPhone production plant in China has recovered to run at \"90% capacity\" again. Also, an earlier December 27, 2022, report (not publicly available) titled \"Improving iPhone Lead Times\" issued by Credit Suisse (CS) noted that the lead times for the new iPhone 14 models have already declined from the \"20+ days\" for the December 19 week to \"10-17 days\" for the December 26 week. In other words, supply chain headwinds for Apple have already eased to a large extent.In the long run, Apple has plans in place to further diversify its production away from China to other markets such as Vietnam and India. This should reduce AAPL's concentration risks relating to China production over time.In a nutshell, there are positive signs which suggest that Apple's shares are due for a recovery.Is AAPL Stock A Buy During The Dip?Apple is a Buy during the dip, considering recent positive developments such as App Store's December 2022 data and declining lead times for the iPhone 14 models. Moreover, AAPL's valuations have become more attractive after the recent correction. As such, I make no changes to my current Buy rating for AAPL.This article is written by The Value Pendulum for reference only. Please note the risks.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105527874,"gmtCreate":1673415425592,"gmtModify":1673415438177,"authorId":3579095725705542,"author":{"id":3579095725705542,"idStr":"3579095725705542","authorId":3579095725705542,"name":"Louis7779","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9951108144,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Pls like my post thanks<span class=\"Apple-converted-space\"> </span></span>","text":"<span class=\"s1\">Pls like my post thanks<span class=\"Apple-converted-space\"> </span></span>","html":"<span class=\"s1\">Pls like my post thanks<span class=\"Apple-converted-space\"> </span></span>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":148,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}