Apple: $4 Trillion Mistake

Summary:

• Apple Inc. stock finished 2024 near all-time highs despite disappointing AI features and stagnant growth.
• Apple Intelligence failed to meet user expectations, with limited new features and heavy reliance on existing AI services like ChatGPT.
• The tech giant failed to deliver meaningful growth in other new products, such as Vision Pro.
• The stock trades at a very expensive 34x FY25 EPS targets despite growth justifying nothing more than a 15x P/E.

Apple, Inc. (NASDAQ:AAPL) ended 2024 trading near all-time highs while signs emerged of more product disappointments. Over the last couple of years, the stock has soared while Apple has failed over and over to

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