Technology

Apple analyst explains why the stock is not a ‘buy’

Apple analyst explains why the stock is not a ‘buy’

Apple’s (AAPL) valuation already reflects a strong upcoming iPhone 12 cycle and its Services growth should decelerate in the next three years, predicts UBS analyst David Vogt. “At its core, Apple is a ‘product’ company with roughly 80% of revenue derived from smartphones, personal computers, tablets, and wearables,” Vogt said in a note to clients.

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