Recently, Apple Inc. (AAPL) has been experiencing a challenging period with several concerning developments impacting its stock performance.
Morgan Stanley has slashed Apple's stock price target, citing concerns about delayed Siri AI updates. Moreover, because of this delay, there is
decline in confidence about the iPhone upgrade cycle among bulls. Furthermore, potential implementation of more
tough tariffs from Trump's administration might affect Apple adversely. Despite unveiling products like the new MacBook Air with an M4 chip, AAPL saw a 10% price dip.
Jim Cramer has issued caution, suggesting that the stock could go lower, driven by the company's stagnant growth in the premium valuation. Other negatives include a
decrease in spending on Apple’s hardware by 9%, reported by KeyBanc, and a
downgrade of Apple's iPhone sales by Citigroup. On the contrary, Cramer reassures investors that Apple always does the right thing and the brand boasts a competitive advantage in Artificial Intelligence. Analysts argue
customers care more about camera features than AI. In light of these events, Citi continues to maintain a 'buy' position despite Siri’s delay, stating investors should own Apple, not trade it. Overall, the current environment surrounding AAPL is proving to be a mixed bag of developments.
Apple Stocks AAPL News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Sat, 15 Mar 2025 20:24:59 GMT -
Rating -5
- Innovation 1
- Information 7
- Rumor -2
