Stock price when the opinion was issued
Is wavering about his call on this to own it, not trade it. Is expecting a non-exciting report and a slowdown in the growth in services revenue. Will they still receive $20 billion from Google to make Google Apple's default search engine, something a judge wants to end. Also, Epic is fighting Apple's policy to take a 30% cut from any transaction from any app downloaded from the Apple strore.
Recently sold it from his fund, but this morning bought it for himself because of positioning and momentum. You must buy this today. Revenue growth has flattened though, and Apple's weighting in the market is a problem because Apple is so large. A lot of people, on this news, will now buy this stock. Also, since early April, the stock has been resilient.
Of all the Mag 7's, this one has to buy parts and assemble phones. iPhone improvements have been fewer and fewer over time. Behind on AI. Will remain a great company, just got overvalued. Making moves to turn things around. Upside from here, but he wouldn't buy this over Mag 7 peers. See his Top Picks.
AI is an important piece, but not the only one for a company like this. Terrific cashflow, cash reserves. Strength in the balance sheet speaks for itself. Some of the results this week are conducive to higher returns going forward and, in turn, a higher stock price. Making investments in US, so US government no longer looking to punish them.
Has broken above 200-day MA today, which is one positive technical signal.