From Investing.com: 2024-03-28 18:27:32

In the first quarter, Apple’s stock fell 11%, bringing its value below historical averages, but analysts remain confident in the company’s fundamental business model. Despite concerns about weak iPhone demand, Wall Street suggests now may be a good time to invest in Apple. The release of the upcoming iPhone 16, expected to feature artificial intelligence, could drive a strong upgrade cycle among existing iPhone users.

While iPhone sales have stagnated, Apple’s services sector, which includes the App store and licensing fees, remains a significant driver of growth for the company. Regulatory headwinds in Europe pose a risk, but the U.S. has yet to enact legislation that would impact Apple’s key profit drivers.



Read more at Investing.com: Apple fell double digits in Q1, but Bernstein sees reason for optimism By Investing.com