From Nasdaq, Inc.:



Despite facing macroeconomic headwinds, reductions in consumer spending, and a 3% year-over-year revenue decline for fiscal 2023, Apple’s stock has risen 52% since Jan. 1. The company’s resilience and ability to outperform its competitors have contributed to its stock performance over the past five years and made it a favorite for countless investors.

Investors have reasons to be bullish about Apple, including its digital offerings, which have seen strong growth even as product sales have dipped. The company’s services division has posted revenue growth, and the consistent growth trajectory of its digital business strengthens Apple’s long-term outlook. Additionally, Apple has significant cash reserves and free cash flow, giving it the funds to expand and dominate various industries. However, the company is currently facing product difficulties, including iPhone bans for government workers in China and a halt in sales of the latest Apple Watch in the U.S. due to a patent dispute.

Despite these challenges, Apple’s services and significant cash reserves remain compelling reasons to invest in the company’s stock. Investors should monitor the company as additional product difficulties could affect its stock price over the next year. The Motley Fool Stock Advisor analyst team also suggests considering alternative investment options, as they have identified what they believe are the 10 best stocks for investors to buy now, with Apple not included in the list.



Original: 2 Reasons to Buy Apple Stock, and 1 Reason to Sell