Apple: Downside Risk
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Apple (AAPL) topped $135 last August and most investors ignored the downside risk inherent in the overpriced tech giant. Despite good results, the stock is actually down over the last nine months while the market is up substantially. My investment thesis is far more Neutral on Apple as the market tries to brush off a rare Sell rating on the stock.
iPhone Demand Snag
The biggest issue facing Apple in FY22 is pulled forward demand into FY21 due to COVID-19…
