Apple: No iPhone Supercycle Just Yet

Summary:

  • Apple reported top and bottom line beats for Q4, but Services revenue and revenue in China lagged estimates.
  • Weak current quarter guidance has analysts lowering expectations for an iPhone 16 supercycle.
  • Apple’s valuation remains rather high against large cap tech peers.

Apple Begins Selling New iPhone 16 At Stores Across The Country

Michael M. Santiago

Last week, we received fiscal fourth quarter results from Apple (NASDAQ:AAPL) for its September ending period. There have been high hopes that the launch of Apple Intelligence, the company’s new set of artificial intelligence features, could spark


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