's (NASDAQ: AAPL) stock rallied 5% on May 5 after the tech giant posted its latest earnings report. For the second quarter of fiscal 2023, which ended on April 1, its revenue dipped 2.5% year over year to $94.8 billion but still surpassed analysts' estimates by approximately $2 billion. Its earnings stayed flat at $1.52 per share, but that also cleared the consensus forecast by $0.09 per share.
At first glance, Apple's growth rates seem anemic -- especially for a stock that has already rallied 34% this year versus the S 500's 8% gain. But if we dig deeper, we can find plenty of reasons to be both bearish and bullish on its future.
Image source: Apple.
Source Fool.com