Apple Fundamentals Driving Stock, Legal Woes Not Affecting Long-term Prospects: Analyst Shares Insights

Monday, 25 March 2024, 15:06

Argus Research remains bullish on Apple despite legal investigations, with a $230 price target. Director of Research Jim Kelleher highlights Apple's operational improvements, such as increasing sales in Mac and iPhone, leading to positive revenue growth. Kelleher emphasizes the importance of focusing on Apple's strong performance amid legal challenges for long-term investment success.
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Apple Fundamentals Driving Stock, Legal Woes Not Affecting Long-term Prospects: Analyst Shares Insights

Apple Fundamentals and Stock Performance

Argus Research reaffirms strong outlook on Apple despite legal scrutiny.

Positive Operational Improvements

Mac sales up, iPhone sales increasing, and revenue growth overall reported.

  • Stock up 48% in 2023.
  • Mac sales rebound.
  • iPhone sales showing growth in all regions.

Investors advised to focus on Apple's resilience and performance rather than legal issues for long-term gains.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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