Why not to buy Apple stock?
Other issues weighing on Apple stock include weak iPhone sales in China and legal problems over its App Store policies in Europe. Investors also are concerned about Apple lacking a strategy for artificial intelligence. Apple is playing catch-up with Big Tech rivals in AI, especially generative artificial intelligence.
Why should I not buy Apple stock?
Apple stock has been dropping and underperforming its Big Tech peers for multiple reasons. These include: Stagnant sales: Apple's sales fell YoY in all four quarters of the last fiscal year, and marked the first time since fiscal 2019 that its annual revenues fell on a YoY basis.
Is it a good idea to buy Apple shares?
Despite recent headwinds, Apple remains a leader in tech with dominating brand power and immense financial resources. A recent stock dip could be the perfect time to make a long-term investment in its business and profit from its potential over the next decade.
Is Apple stock a good buy right now?
Apple has 21.12% upside potential, based on the analysts' average price target. Is AAPL a Buy, Sell or Hold? Apple has a conensus rating of Moderate Buy which is based on 16 buy ratings, 11 hold ratings and 2 sell ratings.
Why is it risky to invest in Apple?
The risks lie in the company's future ability to keep those consumers while drawing in new ones in more markets. New technology makes consumers fickle. They want the newest and best, and brand loyalty will be sacrificed to own the next greatest gadget.
What is the problem with Apple stock?
Apple stock has fallen 14% so far this year while the S&P 500 has gained 4.6% as analysts have concerns over the company's struggles in China, a lack of clarity over new general artificial intelligence projects, and competition with lower priced offerings.
Is Apple a good long-term stock?
In fact, of all the Magnificent Seven stocks, Apple has the lowest long-term earnings growth rate (9% expected), yet trades for a premium 28 times Wall Street analysts' expectations for next year's earnings.
Is Apple a long-term hold?
Apple's services segment continues to shine. The company depends on selling phones and computers, and the growth just isn't there right now. Apple still has the makings of an incredible long-term investment.
Why is the Apple falling?
Bad For AAPL: Hurt By China And AI
The country is a major market for Apple, where Huawei has now been gaining ground and stealing market share away from its peers. The second headwind that Apple is facing is AI. This is a case of a technology from which Apple should benefit, just like most Big Tech companies might.
What will Apple shares be worth in 5 years?
| Year | Median Price Prediction | Potential Low |
|---|---|---|
| 2024 | $216 | $183 |
| 2025 | $237 | $199 |
| 2026 | $298 | $271 |
| 2030 | $561 | $460 |
What is Apple's forecast for 2024?
After Apple's recent earnings report, 43 analysts projected the company's 2024 revenue to come in at $388.3 billion, similar to the previous 12 months. Predicted earnings per share stood at $6.55, also consistent with last year's results.
Who owns the most stocks in Apple?
According to the latest TipRanks data, approximately 65.59% of Apple (AAPL) stock is held by retail investors. Who owns the most shares of Apple (AAPL)? Vanguard owns the most shares of Apple (AAPL). What is the significance of the ownership structure for a publicly traded company?
Is Apple stock projected to go up?
Stock Price Forecast
The 30 analysts with 12-month price forecasts for Apple stock have an average target of 204.6, with a low estimate of 158 and a high estimate of 250. The average target predicts an increase of 21.05% from the current stock price of 169.02.
Is Apple a buy or sell stock?
Apple stock has received a consensus rating of buy. The average rating score is Aaa and is based on 67 buy ratings, 30 hold ratings, and 2 sell ratings. What was the 52-week low for Apple stock? The low in the last 52 weeks of Apple stock was 162.69.
Is Apple a buy or sell?
The Apple stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
What stocks to invest in in 2024?
| Stock | 2024 return through March 31 |
|---|---|
| Janux Therapeutics Inc. (JANX) | 250.9% |
| Trump Media & Technology Group Corp. (DJT) | 254.1% |
| Super Micro Computer Inc. (SMCI) | 255.3% |
| Viking Therapeutics Inc. (VKTX) | 340.6% |
What stock is better than Apple?
Apple Inc. has long been the most valuable U.S. company, but Microsoft Corp. seems poised to overtake it. A look back at the companies' financial performance and a look ahead at expected revenue and profits make the case that Apple is no longer a growth stock and that Microsoft is the better long-term investment.
Is Apple a smart long term investment?
In the past 20 years, Apple has been one of the best investments in the entire market, generating a total return of roughly 54,730%. However, Apple is now the most valuable company in the U.S. market with a market cap of nearly $3 trillion. Related: Sign up for stock news with our Invested newsletter.
Is Apple a good buy for 2024?
These assets should allow it to recover its growth momentum, along with help from its push deeper into the services niche. But does that mean Apple is a good buy for 2024 and beyond? The short answer is yes, but with some caveats.
Is Apple stock a good 10 year investment?
Apple shares have made for a fantastic investment over the years, climbing 817% in the last decade. And more recently, they rose 48% in 2023, beating the Nasdaq Composite.
Where will Tesla be in 5 years?
Wall Street expects Tesla earnings per share of just $2.96 a share in 2024, according to FactSet. That would be a around a 5% decline vs. last year's $3.12. That was a 23% decline vs. 2022. Analyst project a solid increase in 2025 to $4.13 a share.
Can Apple stock reach $1000?
The bottom line: Apple stock reaching $500 or $1,000 hinges on macroeconomic factors and the company's ability to succeed in new markets. It's impossible to say with certainty that Apple will reach $500 or $1,000 in the future.
When was Apple's downfall?
Apple Stock Tanks In The Mid-1990s
The 58% decline in share price depicted below was the last leg in Apple's worst peak-to-trough decline ever, which saw about 80% of market value destruction between early 1992 and the end of 1997.
Is Apple falling behind in AI?
That is about to change. As CEO Tim Cook and Apple begin its new AI journey, the company may be first playing catch-up.
Why is Apple underperforming?
The primary catalyst for Tuesday's losses was a report from Hong Kong-based Counterpoint Research indicating iPhone sales fell 24% year-over-year over the first six weeks of 2024, an unwelcome finding considering China accounts for more than 15% of Apple's revenues and sales in the region already fell 13% in Apple's ...
