Apple's Biggest Threat Isn't What You Think
Even the largest companies on the planet face risks, and (NASDAQ: AAPL) is no exception. The consumer tech giant is currently grappling with difficulties on multiple fronts.
When examining Apple, the most obvious risk is its business in China. After all, the company saw revenue from Greater China fall 13% in its most recent quarter.
Since emerging from pandemic lockdowns, Chinese consumers have been cautious, and the Chinese economy has not been growing as quickly as expected. Meanwhile, with U.S.-China tensions heightened in recent years, some U.S. companies could be feeling the backlash as Chinese consumers turn to homegrown brands.
Source Fool.com
Apple Inc. Stock
€215.10
1.800%
Our community is currently high on Apple Inc. with 139 Buy predictions and 14 Sell predictions.
However, we have a potential of -0.51% for Apple Inc. as the target price of 214 € is below the current price of 215.1 €.
