Apple Inc. has experienced significant market challenges, losing 300 basis points in high-end phone market share over the past year, as reported by IDC. The company's stock has been affected, with the price action reflecting a failure to maintain a previous breakout, returning to a price of $167. Additionally, Apple's phone volume has decreased by almost 10% year-over-year. Despite these setbacks, the company's earnings per share for 2023 are projected at $6.55, with the stock still trading close to a P/E ratio of 26.
Is Apple dead money? We ask Maxim Group's Managing Director Tom Forte $AAPL @MorganLBrennan #china #iphone #regulation https://t.co/Q0HDj6xEN1
$AAPL losing market share... https://t.co/omrdaQLaue
$aapl fall https://t.co/DfONn8rV2x
$AAPL is a SELL/SHORT (near the money play) - Market Share Loss - Phone Volume DOWN almost 10% YoY 🚨 There is no positive way to sugar coat this... 2023 EPS: $6.55 -> Stock Still Trading Close to 26 P/E (assuming they actually hit $6.55 which is possible) https://t.co/mQ9FNVfJKp
Strange price action from $AAPL Has lost 300 bps in high end phone market share over the last year, according to IDC https://t.co/dpJ0ayKJAX
$aapl 🤮🤮🤮 Failed previous breakout Back to 167 again?