Apple: Unlikely To Outperform The Market Going Forward

Nov. 20, 2022 9:29 PM ETApple Inc. (AAPL)SSNLF, XIACF, XIACY37 Comments
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Summary

  • Apple has been relying on incremental, rather than ground-breaking, innovation in recent years, and there is little visibility on the next revolutionary product.
  • Growth has decelerated across product lines and services, and the fact that Apple is not providing revenue guidance for the coming quarter is significant.
  • Shares are currently expensive, with a p/e around 24x, an EV/EBITDA of roughly 19x, and a dividend yield of less than half its ten-year average.
Flat Lay of different apple products on a grey background.

Shahid Jamil

While we believe Apple (NASDAQ:AAPL) will continue to be a very solid business for a long time, we are increasingly seeing signs that it will struggle to outperform the market going forward. There is no question that Apple shareholders did great

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling shares, you should do your own research and reach your own conclusion, or consult a financial advisor. Investing includes risks, including loss of principal.

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