Apple: Multiple Avenues For Revenue Growth, But Very Expensive (Rating Downgrade)

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Apple: Multiple Avenues For Revenue Growth, But Very Expensive (Rating Downgrade)

Summary

Apple's stock is in a tricky spot. There are multiple avenues for management to re-ignite growth after a long period of stagnation, but the valuation reflects this fact.
iPhone pricing, services pricing, and the potential to collect AI 'toll booth' fees should drive financials up and to the right over the medium term.
The valuation, at 9x sales, is at record highs, and buying here appears very risky.
Thus, our 'Hold' rating. If you'd like to buy or get involved, waiting for a dip seems like the move.

ozgurdonmaz

Over the last year or so, we've put out 3 separate articles about Apple (NASDAQ:AAPL):

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

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There are multiple avenues for management to re-ignite growth after a long period of stagnation, but the valuation reflects this fact.</li>\n <li>iPhone pricing, services pricing, and the potential to collect AI 'toll booth' fees should drive financials up and to the right over the medium term.</li>\n <li>The valuation, at 9x sales, is at record highs, and buying here appears very risky.</li>\n <li>Thus, our 'Hold' rating. If you'd like to buy or get involved, waiting for a dip seems like the move.</li>\n</ul>\n \n<img src=\"https://static.tigerbbs.com/841d11cc18e9ecc18b74684b7b996ce8\"> \n \nozgurdonmaz\n \nOver the last year or so, we've put out 3 separate articles about Apple (NASDAQ:<a href=\"https://seekingalpha.com/symbol/AAPL\">AAPL</a>): \n<ul> \n <li><a href=\"https://seekingalpha.com/article/4614378-time-to-trim-apple-on-saturation-concerns\">It's Time To Trim Apple On Saturation Concerns</a></li> \n <li><a href=\"https://seekingalpha.com/article/4637821-apple-stock-big-bearish-rejection-technical-analysis\">Apple: A Big Bearish Rejection (Technical Analysis)</a></li> \n <li><a href=\"https://seekingalpha.com/article/4696148-apple-relatively-immune-from-ai-disruption\">Apple: Relatively Immune From AI Disruption</a></li> \n</ul> \nIn</body></html>","htmlText":"<html><head></head><body><h2>Summary</h2>\n<ul>\n <li>Apple's stock is in a tricky spot. There are multiple avenues for management to re-ignite growth after a long period of stagnation, but the valuation reflects this fact.</li>\n <li>iPhone pricing, services pricing, and the potential to collect AI 'toll booth' fees should drive financials up and to the right over the medium term.</li>\n <li>The valuation, at 9x sales, is at record highs, and buying here appears very risky.</li>\n <li>Thus, our 'Hold' rating. If you'd like to buy or get involved, waiting for a dip seems like the move.</li>\n</ul>\n \n<img src=\"https://static.tigerbbs.com/841d11cc18e9ecc18b74684b7b996ce8\"> \n \nozgurdonmaz\n \nOver the last year or so, we've put out 3 separate articles about Apple (NASDAQ:<a href=\"https://seekingalpha.com/symbol/AAPL\">AAPL</a>): \n<ul> \n <li><a href=\"https://seekingalpha.com/article/4614378-time-to-trim-apple-on-saturation-concerns\">It's Time To Trim Apple On Saturation Concerns</a></li> \n <li><a href=\"https://seekingalpha.com/article/4637821-apple-stock-big-bearish-rejection-technical-analysis\">Apple: A Big Bearish Rejection (Technical Analysis)</a></li> \n <li><a href=\"https://seekingalpha.com/article/4696148-apple-relatively-immune-from-ai-disruption\">Apple: Relatively Immune From AI Disruption</a></li> \n</ul> \nIn</body></html>","text":"Summary Apple's stock is in a tricky spot. There are multiple avenues for management to re-ignite growth after a long period of stagnation, but the valuation reflects this fact. iPhone pricing, services pricing, and the potential to collect AI 'toll booth' fees should drive financials up and to the right over the medium term. The valuation, at 9x sales, is at record highs, and buying here appears very risky. Thus, our 'Hold' rating. If you'd like to buy or get involved, waiting for a dip seems like the move. ozgurdonmaz Over the last year or so, we've put out 3 separate articles about Apple (NASDAQ:AAPL): It's Time To Trim Apple On Saturation Concerns Apple: A Big Bearish Rejection (Technical Analysis) Apple: Relatively Immune From AI Disruption In","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/351611511447648","repostId":0,"isVote":1,"tweetType":1,"viewCount":9,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["AAPL"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":632,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}