March 15, 2023 | Eul Basa

Apple Stock Still Worth It, Says Analyst

Apple may be lagging behind its competitors in the AI game, but according to one analyst, it’s still a good idea to own the stock. Dan Flax of Neuberger Berman told Yahoo Finance Live that he is still fond of the stock at its current levels, despite the fact that the company has not been as innovative as Microsoft and Google. 

Both tech giants have been integrating generative AI such as ChatGPT and Bard respectively into their technologies, while Apple has been more focused on evolving its hardware and software applications.

"If we look to what they said about the March quarter and then think about the next several months, the devices remain incredibly valuable to customers," Flax explained. "What's going on across the company is they're innovating in iPhone, Mac, iPad, wearables.”

“Services remains a very, very interesting business and continue to grow. And so I think what will matter over the next several months and into the balance or late this year and into 2024 is we'll see growth improve."

Despite this analysis, Apple could be hinting at signs of trouble after Apple CEO Tim cook and CFO Luca Maestri made multiple references to the “challenging economy” during last week’s earnings call. According to Yahoo Finance, such a tone was “unusual” for the company, which has typically exuded a greater degree of confidence.

The comments came after Apple reported missed earnings on iPhones and wearable devices, which is likely due to the slowing economy and backed-up supply chains in China. This week, Apple stock is down 2%, while Microsoft is up 1.8% after announcing its ChatGPT integration.

Still, Flax is hopeful that Apple will come back strong in the upcoming months. "If they're able to innovate even in the face of what is of course a challenging environment, I think Apple can create additional shareholder value over the next one to two years,” he added.

Source: 1



Conflicted People Reveal Their Most Dark And Disturbing Family Secret

Here lie real accounts of the moments people who thought they were "normal", discovered that their personal family secret is darker than expected.
July 12, 2018 Eul Basa

Divorce Lawyers Share The Most Ridiculous Reason A Client Has Filed For A Divorce

A divorce is most often always a painful event. Here, divorce lawyers share the strangest reasons someone has come to their office and asked for a divorce.
August 10, 2018 Eul Basa

Ex-College Students Share Their Crazy Expulsion Stories

Between partying and struggling to make pass, there are many chances for you to meet trouble in your college years. Rarely, though, people face expulsion.
August 11, 2018 Eul Basa

Therapists Share The Exact Moment They Realized They Were Treating A Sociopath

The sociopath condition isn't diagnosed as much as movies make us to think. That doesn't mean there aren't real-life sociopaths out there seeking analysis.
August 16, 2018 Eul Basa

Wise People Share What You Should Know About Marriage Before Proposing

Proposing to your significant other is one of the biggest commitments that you can make in your life. Let these veterans tell you why.
September 7, 2018 Eul Basa

Teachers Share The Most Hilarious Answers People Have Filled Out On A Test

When students are uncertain the answers to questions, they often just give it their best guess or leave it blank. Some kids are a little more creative.
August 13, 2018 Eul Basa

Dear reader,

It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.

Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!

Warmest regards,

The Moneymade team