Stock in focus: The Apple Group has a luxury problem, the stock as well
The quarterly figures are convincing and the returns are phenomenal. But there aren't enough chips. Will the stocks possibly run out soon too?
Apple has reported a revenue of $114.5 billion and earnings per share of $2.10 for the third quarter, surpassing analyst expectations. The iPhone, the company's main product, generated $57.6 billion in revenue, also exceeding forecasts. However, Apple expects only 7-10% growth for the holiday quarter, citing supply chain issues and rising memory chip costs, particularly due to the boom in Artificial Intelligence applications.
The company's stock has risen 21% this year, but its high price-to-earnings ratio of 35.7 makes it vulnerable to price drops. Despite this, 33 analysts recommend buying the stock, citing Apple's high profitability and loyal customer base.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
