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Apple shares have risen 19% in 2023: many Wall Street institutions rated it as "buy", and the financial media Fool rarely gave "All In" recommendations.

via:IT之家     time:2023/3/18 8:03:51     readed:76

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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