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


READ MORE

Portrait Of Mature Couple Carrying Boxes On Moving Day In Front Of Dream Home

The Best Way To Sell Your Stuff When Downsizing

Getting rid of an entire home worth of stuff can seem like an insurmountable task. Here's how to take it on AND get your money's worth.
March 28, 2024 Samantha Henman
30Thumb

30 People Who Only Got Successful After 30

The best time to start was yesterday. The second best time is right now. These mega-successful people eventually reached their tipping point—it just took a little longer than usual.
March 27, 2024 Jamie Hayes

36 Things Frugal People Never Do

Discover 36 things that frugal people never do. From skipping the budget and buying fancy coffee, to window shopping and dining out, find out how frugal people save money and what they focus on instead.
March 22, 2024 Allison Robertson
Happy Typist and Vintage Baseball Cards

These Antiques In Your Attic Might Be Worth A Ton Of Money

Whether you still have your parents' old collectibles or have inherited some interesting antiques don't be so quick to write them off.
March 28, 2024 Sarah Ng

Products You Should Never Buy Generic

Discover 14 products you should never buy generic. From soaps and sauces to TVs and computers, find out why the brand names are better, and which in particular is the top choice among professionals.
March 19, 2024 Allison Robertson
Nicolas Cage and a White Bengal Tiger

38 Of The Most Outrageous Celebrity Purchases

From Nicolas Cage's dinosaur skull to Mike Tyson's Bengal tigers, here are the most outrageous celebrity purchases we've ever heard of.
March 28, 2024 Sarah Ng



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