No, Apple Is Not Recession-Proof

Sooner or later, the U.S. economy will be hit by a recession. It's not a matter of if, but when. Some companies, like those that sell products people need to buy regardless of economic conditions, will hold up just fine. Others won't.

It's not unreasonable to think that Apple (NASDAQ: AAPL) would be at least resistant to an economic downturn. The company enjoys intense customer loyalty; its ecosystem of products and services make switching tough; and smartphones have become necessities, at least for most people.

But that's probably not enough to prevent some real pain for Apple when the economy turns south.

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Source Fool.com