Many of you are aware of Warren Buffett's legendary investment in (NASDAQ: AAPL). He and his lieutenants started buying shares in 2016 and 2017 for Berkshire Hathaway, making it the largest position in the conglomerate's stock portfolio. Today, the stake is worth an estimated $175 billion. Shares are up over 500% since the beginning of 2017, making the Apple investment one of Buffett's best purchases ever.

But just because Apple has done well in the past does not mean it will do well in the future. There are looming risks with this "Magnificent Seven" favorite that I believe are underappreciated by investors right now. Here's why Apple stock remains risky for investors to own in 2024.

The first concern with Apple is broad-based: Revenue is stagnating. Despite high inflation around the world in the last few years, Apple's revenue on a trailing-12-month basis is actually down from the middle of 2022. Adjusted for inflation, this means that Apple's sales have taken quite a hit in the last few years.

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Source Fool.com