Apple's Stock Performance in Comparison to Peers: A Deep Dive

Monday, 11 March 2024, 12:30

The article compares Apple's stock performance to its peers over the past year, highlighting Apple's revenue decline while other companies have seen growth. Despite revenue challenges, Apple's stock price has increased due to factors such as disciplined expenses, stock buybacks, and multiple expansion. However, with a high PE ratio and concerns about future growth, investing in Apple may not be the best decision. The article concludes with insights on why Apple's stock is not attractive for investment at the moment.

https://store.livarava.com/d6772774-e045-11ee-9663-5254a2021b2b.jpe — Apple's Stock Performance in Comparison to Peers: A Deep Dive

The Magnificent Seven Stocks Comparison

Apple stock has averaged declining revenue over the past year. The 'Magnificent Seven' have had a phenomenal run in terms of not only stock performance but also business gains. Well, except for one.

Data Overview:

Microsoft: 17.6% YOY Revenue Growth
Apple: (0.6%) YOY Revenue Growth
Nvidia: 139.8% YOY Revenue Growth
Amazon: 11.7% YOY Revenue Growth
Alphabet: 8.5% YOY Revenue Growth
Meta Platforms: 15.4% YOY Revenue Growth
Tesla: 21% YOY Revenue Growth

Two significant points include Nvidia's outstanding performance and Apple's revenue decline compared to its peers.

Conclusion: Despite Apple's stock price growth, concerns about its revenue decline and future growth prospects make it a risky investment.

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.

The Magnificent Seven Stocks Comparison

Data Overview:

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