2024-05-06 19:34:57 ET
Summary
- Apple Inc. stock rallied after strong fiscal Q2 in services and announcement of largest stock buyback in history.
- The worries of some, though, are valid over iPhone sales and underperformance compared to peers.
- Apple would be well advised to focus on its services and "rebrand" its business, focusing on showcasing its potential in Services and even new products.
- iPhones were just the beginning, and I'm excited about what comes next at Apple.
Thesis Summary
Apple Inc. ( AAPL ) stock rallied following a strong fiscal Q2 in services and the announcement of the largest stock buyback in history.
And yet, the stock is still underperforming its Magnificent peers, and concerns over the company's iPhone sales are mounting....
Read the full article on Seeking Alpha
For further details see:
Apple: Time For A Rebrand