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Where Will Apple Stock Be in 1 Year?

TheMotleyFool

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Where Will Apple Stock Be in 1 Year?: https://g.foolcdn.com/editorial/images/714669/apples-keynote-event_tim_cook.jpg

Apple's (NASDAQ: AAPL) stock declined nearly 30% in 2022 as investors fretted over the tech giant's persistent supply chain issues in China. A lack of clarity regarding its roadmap beyond the aging iPhone, which still generated 52% of its revenue in fiscal 2022 (ended in September 2022), and inflationary headwinds exacerbated that uncertainty.

But could Apple's stock bounce back in 2023 as it resolves its supply chain problems and rolls out new products and services? Or will it continue to be held back as investors pivot toward other blue-chip tech stocks?

Image source: Apple.

Source Fool.com

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