Is Apple in trouble? Tim Cook, the CEO of Apple, is facing a challenging start to 2024. His company has been hit with a series of setbacks, including a patent dispute, antitrust allegations, and a loss of market share in China. In addition, some analysts have suggested that Apple’s shares are overvalued, and Microsoft briefly overtook Apple as the world’s most valuable company. The bad news may continue when Apple reports its quarterly earnings, with estimates suggesting minimal revenue growth. The launch of the Vision Pro, an augmented-reality headset, also presents a significant test for Apple, with early indications suggesting potential challenges. Despite these concerns, Apple’s share price has remained stable, and it has reclaimed its $3 trillion valuation. However, the future remains uncertain for the tech giant.
Source from www.economist.com
Published on 2024-01-24 17:02:26