From “NASDAQ”:

Apple (NASDAQ: AAPL) share prices are down 5% this year, presenting a buying opportunity according to analysts. The new Vision Pro headset is expected to drive sales, with 1 million unit sales expected by 2025.

Apple’s stock price has been affected by the release of the Vision Pro and better-than-expected revenue of $119 billion in the December-ending quarter. Analysts are now optimistic about the growth potential for Apple’s stock due to the Vision Pro, projecting 600,000 units in 2024 and 1 million unit sales in 2025.

While Apple stock is currently high, with a forward price-to-earnings ratio of 28 and a high retail price tag of $3,499 for the Vision Pro, the company’s history of delivering successful products makes it a good long-term bet.

The Motley Fool Stock Advisor analyst team has identified what they believe are the 10 best stocks for investors to buy now… and Apple wasn’t one of them. Stock Advisor service has more than tripled the return of S&P 500 since 2002*.

Bank of America is an advertising partner of The Ascent, a Motley Fool company. John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Bank of America.



Read more: Apple’s Vison Pro Could Send the Stock Up 35%, According to This Wall Street Analyst