Apple Is A Profitable Stock To Hold But Not To Buy Now

Summary:

  • Apple’s revenue and net income have decreased in 2023 compared to previous years, indicating a decline in financial performance.
  • The ratio of gross profit to cost of revenues is decreasing, suggesting a decrease in business efficiency.
  • Apple has effectively managed its operating expenses, as the ratio of total operating expenses to operating income has increased over the years.

Apple Store

Nikada/iStock Unreleased via Getty Images

The first thing to note when looking at Apple’s financial report (NASDAQ:AAPL) is that the revenue has decreased by -2.80% in 2023 compared to 2022. This also leads the growth of net income to decrease to -2.81% in response


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