From NASDAQ:

Despite concerns about Apple’s decline in China, Wedbush analyst Dan Ives predicts it will be the first $4 trillion company by 2024. While revenue rose 2%, Apple’s weak outlook caused shares to fall 4%. However, Apple’s strong presence in consumer electronics and success in the services market has positioned the company for growth.

Apple’s leadership in smartphones, tablets, and personal computers, as well as its dominant position in various services, have granted the company substantial pricing power. The company’s installed base of over 2.2 billion devices allows for continuous monetization through services. Despite its success, Apple’s valuation remains high compared to other tech giants.

Investors concerned about Apple’s declining sales in China and weak outlook should consider the Motley Fool’s 10 best stock picks, which do not include Apple. The Stock Advisor service has more than tripled the return of the S&P 500 since 2002 and offers guidance on portfolio management and two new stock picks each month. Apple remains a strong player in the market, but analysts caution against its high valuation.



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