In contrast to its recent gains, Apple’s (NASDAQ: AAPL ) stock trajectory has experienced volatility, particularly since its July peak of $197. The focus is currently on the tech giant to address investor concerns ahead of this year’s final quarterly earnings report.Thank you for reading this post, don't forget to subscribe!
In a remarkable achievement, Apple remained stable amid last year’s economic turmoil. However, the story of 2023 paints a different picture: Apple has reported revenue declines for four consecutive quarters, reflecting a broader decline in consumer spending. Notably, Q4 report 2023 data shows a 1% decline in revenue year-over-year.
Despite this, Apple’s price-to-earnings (P/E) ratio remains one of the most attractive on the market, currently at 29.5.
Even with the tremendous performance of its product segment, AAPL and its investors can still step back and rely on its services branches such as iCloud, Music, AppleTV+ and most notably its App Store, which generates revenue that One is often surprised by the profits made from it. Its main product is the iPhone.
At the time of press on November 8, AAPL shares were trading at $181.82, up +$2.59 in the last 24 hours. Year-to-date, the stock is up about 45.37%, giving it a market capitalization of $2.8 trillion.
Apple YTD Chart Source: Feinbold
What does 2025 hold for AAPL stock?
Given its recent news, investors are wondering how Apple stock will perform two years from now, halfway through this decade, and to answer that question, Feinbold used AI-powered predictions. coincodex,
This forecast expects AAPL’s share price to decline to $127.05 by November 8, 2024, a -30.12% decline from the current valuation.
Apple 1-Year Price Forecast Source: Coincodex
However, the algorithm predicts a turn of the tide for this stock by 2025, with a positive upside of 52.66% from trending levels, which would set its price at $277.57.
Considering all the disappointing performances and news highlighting the shortcomings of this tech giant, it is not surprising that the AI predicts a gloomy period in the near future with regard to profits from this asset.
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