I added to my Apple position based on strong fundamentals and growth potential. BofA Securities maintains a Buy rating with a $325 price target, citing steady App Store momentum, robust capital returns, and long-term AI leadership. App Store revenues reached $8.6 billion in Q1 2026, up 6.8% year-over-year, while iPhone and iPad downloads grew 1.5% to 8.9 billion. Despite marking the slowest revenue growth in nearly three years, the stock’s outlook remains solid, supported by consistent user engagement and strategic innovation.
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