Although Bernstein does have very low anticipations forward of Apple's Q2 2024 earnings, the analyst claims the corporate is moving into its seasonally strong time period. In fifteen of the final seventeen yrs, he wrote, Apple's stock has outperformed while in the quarter main around the next apple iphone start.
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, Sacconaghi also addresses the Main reason for Apple's stock taking place, the declining desire with the apple iphone in China. He stated This really is "much more cyclical than structural," and pointed out that China has Beforehand been a risky market.