News from IT House on March 18, according to the financial media The Motley FoolAgainst the backdrop of the turmoil in the US stock market, a number of financial institutions on Wall Street decided that Apple's share price was undervalued and rated as "buy".In addition, the media also gave Apple a rare rating of "All In", saying it would make amazing returns over a long period of time.
The main contents of the report attached by IT House are as follows:
Apple's share price was nearly 27% in 2022, but showed signs of picking up in 2023.
Other FAANG stocks such as Alphabet and Amazon fared even worse, falling 39 per cent and 49 per cent respectively
Apple shares rose 19% in 2023, but there is still a long way to go before a full recovery.
With its plans to maximize profits in its iPhone business and its expansion efforts in new areas, Apple is expected to make considerable profits in the long run.
In fiscal year 2022, Apple's iPhone division accounted for 52% of its revenue and services accounted for 19.8%. This means that any measure to maximize profits in its smartphone business could have a positive impact on Apple's prospects.
Apple has been successful in moving to customized technical components in the past.
In addition to improving profit margins, Apple's Mac chip allows the company to control the supply chain by controlling each component.
In addition to maximizing iPhone products, Apple strengthens its business by diversifying revenue and expanding other areas.
After a sell-off in 2022, the tech giant's share price is 15% below its all-time high.
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