From Nasdaq, Inc.:

After a 2.8% dip in sales, Apple (NASDAQ: AAPL) rebounded with a 2.1% increase in revenue and a 13% jump in net income. The top FAANG stock has soared over 40% since the start of 2023. Tim Cook announced a record 2.2 billion active Apple devices, with revenue growing faster in software and subscription solutions than in hardware. Despite a high PE ratio and high investor expectations, Apple remains dominant and profitable. Warren Buffet is a major shareholder. Still, consumer tendency to upgrade is weakening, and high expectations could pressure potential returns.



Read more: There Are 2.2 Billion Reasons to Buy Apple Stock Hand Over Fist, but 1 Metric Might Give Investors Pause