Why not to buy Apple stock? (2024)

Why not to buy Apple stock?

Other issues weighing on Apple stock include weak iPhone sales in China and legal problems over its App Store policies in Europe. Investors also are concerned about Apple lacking a strategy for artificial intelligence. Apple is playing catch-up with Big Tech rivals in AI, especially generative artificial intelligence.

Is Apple good to invest right now?

When it comes to future growth potential, Apple gives investors reasons to be cautious. The business reported a 2.8% revenue decline in fiscal 2023, with sales rising by just 2.1% year over year in the latest fiscal quarter (Q1 2024 ended Dec. 30).

What is the problem with Apple stock?

Apple stock has fallen 14% so far this year while the S&P 500 has gained 4.6% as analysts have concerns over the company's struggles in China, a lack of clarity over new general artificial intelligence projects, and competition with lower priced offerings.

Why is Apple not doing well?

Apple's sales and earnings soared during 2020 and 2021 because many consumers shifted their buying toward goods purchases rather than services. This artificially pulled future Apple product sales forward. It stands to reason that many consumers who bought new Apple products in 2020 and 2021 haven't upgraded since then.

Why is Apple stock losing value?

Its revenue expansion is stagnating, and the stock is underperforming the Nasdaq 100 by about 16 percentage points, the most to start a year since 2013. The company still generates massive revenues, but whether that can keep increasing at the pace investors have come to expect is an open question.

Is Apple a safe long-term stock?

Apple shares have made for a fantastic investment over the years, climbing 817% in the last decade. And more recently, they rose 48% in 2023, beating the Nasdaq Composite.

Is Apple a good long-term hold?

To be clear, Apple looks like it has all the ingredients to continue as a great long-term investment. Growth may be more moderate than in times past, but the tech titan is highly profitable and doles out ample cash to shareholders.

Will Apple stock go up in 2024?

Apple stock is a "top pick" for 2024 and has potential upside of 36% as it gears up for the launch of an AI-enabled iPhone, according to Bank of America.

How high is Apple stock expected to go?

Apple Stock Forecast

The 30 analysts with 12-month price forecasts for Apple stock have an average target of 204.6, with a low estimate of 158 and a high estimate of 250. The average target predicts an increase of 21.70% from the current stock price of 168.13.

What is the outlook for Apple in 2024?

After Apple's recent earnings report, 43 analysts projected the company's 2024 revenue to come in at $388.3 billion, similar to the previous 12 months. Predicted earnings per share stood at $6.55, also consistent with last year's results.

Should I sell or hold Apple stock?

Apple has 18.86% upside potential, based on the analysts' average price target. Is AAPL a Buy, Sell or Hold? Apple has a conensus rating of Moderate Buy which is based on 16 buy ratings, 10 hold ratings and 2 sell ratings.

What are the biggest issues with Apple?

Apple's lucrative App Store is the subject of a lawsuit filed by the Department of Justice, and the company is under fire from European regulators. Apple also recently killed off a car project that was once one of its famous “next big things.” Along the way, the company's valuation has taken a hit.

Has Apple stock ever lost money?

Shares of the company slid 4.1% Thursday, erasing about $113 billion in market value and taking their year-to-date loss back to 11%. Once the world's most valuable firm at more than $3 trillion, Apple has underperformed both the Nasdaq 100 and the S&P 500 in 2024.

What was the cheapest Apple stock ever?

The lowest closing price for Apple (AAPL) all-time was $0.04, on July 8, 1982. The latest price is $166.16.

How high will Apple stock go in 5 years?

We expect the stock to reach $237 per share by the end of 2025. End of 2026: We predict that Apple's stock price could further increase to $298, driven by continuing interest rate reductions. End of 2030: Apple could reach a market cap of $8.7 trillion by 2030, representing a share price of $561.

Is Apple high risk stock?

"The Risk Score is a relevant measure for the assessment of a stock attractiveness. Apple Inc shows a Risk Score of 9.00. 0 corresponds to a very high risk and 10 corresponds to a very low risk." The Risk Score for Apple Inc is significantly higher than its peer group's.

Does Apple have a strong future?

Aside from its gadgets, Apple also has a very strong services segment. The segment boasts $23.1 billion in revenue, and it has been helping drive the company's to success. Because of its innovation, the stock surged about 23% in 2023 and is expecting to grow more in 2024.

What does Cramer say about Apple?

“I just got a whole brand spanking new reason to buy Apple, don't trade it,” he said. “I know a loser case when I see one, and the United States of America versus Apple is a loser.”

What is the future of Apple stocks?

According to our current AAPL stock forecast, the value of Apple shares will drop by -1.52% and reach $ 164.28 per share by April 29, 2024.

What is the future of Apple?

The Apple Watch Ultra 2. The iPhone will take a back seat to Apple's wearables business in 2024, with the Vision Pro, watch and AirPods getting more attention.

Will Apple stock reach $700 again?

Indeed, Apple shares will never get back to $700, says The Economist.

How much will Apple stock be worth in 10 years?

Apple long term stock forecast is anticipated to be $315 in 2025, $370 in 2026, $425 in 2027, $465 in 2028, and $480 in 2029. In 2030, analysts anticipate Apple shares will be worth $510.

What stock will boom in 2024?

Who owns the most Apple stock?

Arthur D.

Contrary to common belief, Tim Cook, Apple's CEO, is not the company's largest individual shareholder. Arthur Levinson is Apple's largest individual shareholder, owning 4.43 million shares as of February 2024.

Who is the largest shareholder of Apple?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., Berkshire Hathaway Inc, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Fmr Llc, Morgan Stanley, and Price T Rowe Associates Inc /md/ .