This "Magnificent Seven" Stock Generated $383 Billion in Revenue in Fiscal 2023: Here's My Biggest Bear Case
(NASDAQ: AAPL) is currently the world's second-most valuable company, sporting a market cap of nearly $3 trillion. This is undoubtedly one of the most successful companies we've ever seen.
But with Apple raking in a whopping $383 billion in revenue in fiscal 2023, investors are right to question the potential of forward gains. Before you rush to buy this "Magnificent Seven" stock, here's my biggest bear case.
There aren't many companies producing higher sales than Apple. That's a sign of just how dominant this business has become. However, it also points to the fact that future growth for this consumer tech giant isn't likely to resemble the past, which I believe is the most prominent bear case investors need to understand.
Source Fool.com
Apple Inc. Stock
€202.85
0.600%
Our community is currently high on Apple Inc. with 106 Buy predictions and 8 Sell predictions.
As a result the target price of 209 € shows a slightly positive potential of 3.03% compared to the current price of 202.85 € for Apple Inc..
