Apple (NASDAQ: AAPL) has been one of the best-performing stocks over the past two decades, but the company’s performance has slowed dramatically in recent years. iPhone sales are slowing, and the company is now relying on services for growth, squeezing suppliers at every turn. In this video, Travis Hoium shows why this isn’t the great buy it used to be.
*Stock prices used were end-of-day prices of Jan. 29, 2024. The video was published on Jan. 30, 2024.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Travis Hoium has positions in Alphabet, Apple, and Spotify Technology. The Motley Fool has positions in and recommends Alphabet, Apple, Netflix, and Spotify Technology. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
A Massive Problem With Apple Stock Today was originally published by The Motley Fool