- I enjoy using Apple's products, and I owned Apple's stock for a long time.
- However, the company's core product (the iPhone) has saturated the U.S. market and faces increasing competition abroad.
- Apple produced significant growth in fiscal 2021, but growth in future years will likely be very minimal.
- Apple currently trades at a P/E ratio on par with growth companies but should face increasing pressure as the company enters a slower growth environment.
- Apple's stock likely has very limited upside from here and could be a dead money investment for now.
For further details see:
Apple: Dead Money For Now