Apple has the slowest revenue growth among Big Tech stocks and is facing tariff-related risks going into Donald Trump’s second term in the White House. None of that is holding back the stock.
The shares are up almost 10 per cent in the past month, making Apple one of the best performers in the so-called magnificent seven after Tesla during the period. The recent gains come despite a tepid response to the latest iPhone model and a disappointing earnings report in late October.
Source: https://www.afr.com/markets/equity-markets/why-apple-s-rally-is-a-head-scratcher-for-investors-20241211-p5kxml