From Nasdaq: 2025-05-20 13:40:00

Apple’s CarPlay Ultra infotainment system is now available with new Aston Martin models in the U.S. and Canada, with a software update for existing vehicles. The global infotainment industry is forecasted to hit $58.18 billion by 2032, with CarPlay being a popular choice among automakers. Apple is expanding Apple Intelligence availability and services to boost sales growth.

Despite strong services revenues, Apple’s iPhone demand is sluggish, especially in China. Apple’s stock has underperformed, dropping 16.6% YTD. The Zacks Consensus Estimate for Apple’s fiscal 2025 earnings has decreased by 0.8%. Apple’s shares are currently trading below the 200-day moving average.

AAPL shares are considered overvalued with a stretched valuation compared to peers. Apple faces competition in China and higher tariffs, affecting near-term growth prospects. The Zacks Rank for AAPL is currently #3 (Hold). A Zacks expert highlights 5 stocks set to double in potential gains, with a history of high-performing recommendations.



Read more at Nasdaq: Apple’s CarPlay Ultra Gains Adoption: Buy or Hold the AAPL Stock?