Is Apple Stock A Buy As It Nears All-Time Highs? "Peek Performance" Implies It Has Yet To Hit Peak Performance

Mar. 10, 2022 8:30 AM ETApple Inc. (AAPL)12 Comments


  • Apple has lost more than 12% of its value since hitting the $3-trillion market cap milestone earlier this year, as the broader market continues to roil from mounting macroeconomic headwinds.
  • Yet, easing supply constraints, paired with Apple's prudent use of different sales strategies, which include a massive upgrade cycle this year, will continue to bolster its long-term growth outlook.
  • New and upgraded products unveiled during the "Peek Performance" presentation on Tuesday continue to underscore Apple's strength in fighting for global market share across key consumer electronic and technology sectors.
  • Apple's fat checkbook also provides a level of safeguard against impacts from the fast-approaching rate hike cycle, which many fear will hurt high-growth tech stocks.
  • With growth across both a fundamental and valuation perspective in check, Apple is expected to trend further towards the exclusive $3 trillion market cap territory within the next 12 months.
Apple Store in China

Nikada/iStock Unreleased via Getty Images

Apple (Nasdaq: NASDAQ:AAPL) has lost more than 12% of its value since its brief stint in the $3-trillion market cap territory earlier this year. The stock’s declines have been largely in line with the broader market plunge this year due to a risk-off

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