2024-07-13 12:33:49 ET
Summary
- Apple shares have surged by 30.8% in a short period, driven by the launch of Apple Intelligence at the Worldwide Developers Conference.
- Despite revenue and profit declines, Apple's closed technology platform and AI developments are seen as valuable, but shares are becoming expensive.
- Apple faces challenges in global markets and competition from other smartphone manufacturers, but remains within fair value range for investors.
The last few months have been a wild time for shareholders of technology behemoth Apple ( AAPL ). In early April of this year, I wrote an article that took a rather neutral stance on the business. I talked about some of the weak points the company was experiencing, such as pain in certain markets like China. Ultimately, I argued that the long-term outlook for the firm would be positive. However, because of how shares were priced, I ended up rating the company a ‘hold’....
Read the full article on Seeking Alpha
For further details see:
Apple Is Getting Ahead Of Itself