What’s next for Apple’s stock?

“Apple’s financials have typically proved quite resilient even through economic downturns, given the company’s ecosystem lock-in, the high desirability of its products, and the ability to upsell to existing customers. Apple has also been continuing with its strategy of premiumization launching high-end versions of most of its products including the Apple Watch and AirPods which could help drive margins. We also think that Apple’s service business growth will rebound, as the economy and consumer spending improve and foreign exchange headwinds ease” —Stock analysis service Trefis, which remain bullish on Apple stock with a $166 price estimate—about 30% ahead of the current market price

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