Apple is trading about 15% below the all-time
Apple’s fortune is getting lemons as its shares are getting 10% down this year 2022 and now Apple trading 15% below than before.
On Wednesday, new iPhone versions has been released with the very high expectations for a green light for Apple's stock.
According to analysts, the earning per share would 9% this year along with the ability to generate $392.5 billion in sales.
Apple always been listed as one of the world’s most worthy corporations with market capitalization of $2.5 trillion.
It also makes a big profit bag from its beneficial services unit, iCloud subscriptions, Apple TV+, Apple Music, and other perks which is only available for iPhone, iPad and Mac users.
Chief investment officer of ACM Funds,
, who also owns Apple in the ACM Dynamic Opportunity Fund spoke about Apple.
"All the hoopla around the iPhone 14 upgrade cycle should help Apple in the short-term," he said.
Apple anticipates for this next iPhone release with our estimates that 240 million of 1 billion iPhone users worldwide have not upgraded their phones in over 3.5 years
According to 2021s data, Apple's net income is US$94.68 billion with a revenue of US$365.82 billion.