From Nasdaq: 2024-09-15 18:00:00

Apple (NASDAQ: AAPL) unveils iPhone 16 with AI features and four pricing tiers. The company aims to differentiate itself with software enhancements like image search and ChatGPT integration. This move could potentially drive higher sales and revenue growth.

Apple’s stock price currently trades at a P/E ratio of 34, above the S&P 500 index average. Investors are banking on AI-powered iPhones to boost earnings. However, doubts linger about Apple’s AI capabilities compared to competitors like Google. Consider Alphabet stock as a potentially more attractive investment.

Stock Advisor does not list Apple among their top 10 stocks picks. Consider their track record – had you invested $1,000 in Nvidia in 2005, you would have over $700,000 now. The service provides investors with regular updates, expert guidance, and promising stock picks for long-term growth.



Read more at Nasdaq: The New AI iPhone: Time to Buy Apple Stock?