- Apple is rolling out a slew of new and improved products this week, including a smart-home event featuring a doorbell and thermostat.
- Pre-orders for the foldable iPhone Duo begin Friday, a significant design change for Apple's most profitable device with a high price tag.
- Apple shares soared to a record in late July and have been basically flat since.
- Apple trades at more than 35 times earnings estimated over the next 12 months, near its highest multiple since 2007 and well above its 10-year average of 24.
- Apple has cut component orders for some iPhone models due to weaker-than-expected demand, according to a Bloomberg Intelligence report.
- Analysts' expectations for Apple's fiscal 2027 net income have dipped 0.6% over the past three months, while revenue views have risen 0.7%.
- Some investors remain positive, citing Apple's role as a key distribution channel for AI models.
Quotes
“For a company of this size, you need super-hit products to move the needle on growth”
“Apple doesn't look like a value stock or a growth stock”
“It remains to be seen whether we will see the kind of new use cases”