1 Green Flag for Apple in 2023, and 1 Red Flag
Wall Street has gone hot and cold on tech this year, with many of the market's stocks soaring in the first half of 2023 as excitement over artificial intelligence (AI) increased. However, the Nasdaq-100 Technology Sector index tumbled 6% since the start of August, when multiple companies posted dismal quarterly results. The decline proved many companies are still fighting against macroeconomic headwinds, which could continue into next year.
Despite the immense popularity of its products, (NASDAQ: AAPL) hasn't come through market challenges unscathed. The company has faced repeated revenue declines, with its shares falling about 9% since Aug. 1. As a result, it's not a bad idea to learn more about this tech giant before filling up on its stock.
So here are one green flag and one red flag for Apple in 2023.
Source Fool.com