Lobro78
Introduction
Three months ago I shared my ‘Strong Buy’ recommendation regarding Apple (NASDAQ:AAPL). AAPL rallied by around 18% since May, significantly outperforming the S&P 500. Apple’s brand and pricing powers are intact, and the company recently announced its game changing iOS18 with AI-features. Apple continues betting big on innovation by investing billions in R&D and investors will likely see several new promising product releases soon. Moreover, pivots in monetary policies of developed countries are approaching. Therefore, I believe that the iPhone sales growth is poised to rebound. Apple also continues enjoying strength of its ecosystem and intact brand power as Services revenues continue soaring. I still believe that AAPL is a “Strong Buy” and I am adding more shares to my position since my valuation analysis suggests there is a 30% upside potential.
Fundamental analysis
Apple is firmly committed to innovation….
