Apple Stock: Underperformance Is Likely To Continue (NASDAQ:AAPL)

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Apple Store at 5th Ave in Manhattan, New York City

ozgurdonmaz

Intro & Thesis

I initiated coverage of Apple Inc (NASDAQ:AAPL) stock in December 2021 and gave the stock a ‘Hold’ rating, indicating the brand’s strength but also a fairly generous valuation at the time. A few articles later, on April 10, 2023, I downgraded



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