From Nasdaq: 2024-05-04 03:14:00

Apple (NASDAQ: AAPL) is known for its innovative products and market-beating returns, but its stock has recently hit a rough patch. With iPhones accounting for 58% of sales and facing tough competition, along with government scrutiny, the company’s future is uncertain. The launch of the Vision Pro headset adds to the expensive gamble.

The U.S. government’s antitrust concerns and states’ actions against Apple raise questions about the company’s profit centers and service business. With a growing service sector generating 11.3% growth in sales, any impact on business practices could hurt Apple’s profitability. Investors should monitor developments closely.

Despite a 12% drop in stock price this year, Apple still faces challenges like increased competition for the iPhone and slow adoption of new products like the Vision Pro headset. Investors should remain cautious and monitor the company’s performance and potential market changes before making investment decisions.

The Motley Fool Stock Advisor team has identified 10 other stocks with potential for great returns, excluding Apple. Investors should consider diversifying their portfolios with the recommended stocks and monitoring their performance for long-term growth opportunities.



Read more at Nasdaq: Buy, Sell, or Hold: Apple