From Nasdaq:

Apple is the world’s most valuable company with a market cap of nearly $3 trillion, leaving countries in its economic dust. Driven by its top-selling products and expanding services, Apple continues to dominate the tech industry despite its recent share price decline.

Barclays recently downgraded Apple and cited lackluster iPhone 15 sales as well as increased regulatory scrutiny. The slowdown in revenue growth clouds Apple’s outlook and may result in a price dip for the tech giant’s stock.

Apple’s latest quarterly report showed flat net sales, with concerns over increased competition in China and trade tensions with the U.S. impacting sales in key markets. Additionally, losses in court cases highlight struggles with Apple’s previously bulletproof wearables business.

Despite these challenges, most analysts remain hopeful for the tech giant’s stock, with a projected revenue growth of 3.6% and a 7.7% rise in EPS. The stock also has a solid dividend yield, and the consensus rating is a “Moderate Buy” among analysts, with an average 12-month price target of $205.79.



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