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Apple Revenue Declines for the First Time Since 2019. Time to Sell?

TheMotleyFool

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Apple Revenue Declines for the First Time Since 2019. Time to Sell?: https://g.foolcdn.com/editorial/images/719376/person-taking-selfie-with-child.jpg

The largest company in the world by market capitalization, Apple (NASDAQ: AAPL), reported a troubling metric during its latest earnings report: declining revenue. What makes this so significant is that it hasn't reported a quarter where this happened since 2019, making investors ask the obvious question: Is it time to sell Apple stock?

While that might be the first reaction, there are other factors to consider rather than just one data point. Let's see if the stock is worth holding on to now.

Since the start of 2023, Apple's stock has been on a tear, up nearly 19%. That only leaves it down 13% since the start of 2022, something few other stocks can claim.

Source Fool.com

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