Apple (AAPL) has seen a 15% year-to-date loss, making it the second-worst performing stock in the “Magnificent 7” group. Concerns over AI development and stagnant innovation have led to criticisms of CEO Tim Cook’s leadership. While Apple maintains a loyal user base with over 2.35 billion devices globally, competition from Meta Platforms and OpenAI poses challenges. Analysts are skeptical about Apple’s future, especially with ongoing issues in high-margin Services and the looming tariff deadline. Despite early AI advantages, Apple’s current valuation may not warrant short-term investment.
Source: www.barchart.com
Read more at Yahoo Finance: As Critics Call for Cook to Step Down, How Bad Are Things Really for AAPL?