Apple: Weak iPhone 16 Debut About To Recover, Buy

Summary:

  • I reiterate my buy rating for Apple Inc. despite recent price declines due to lower-than-expected iPhone 16 orders, citing long-term prospects and strong brand identity.
  • The stock fell 3% due to lower iPhone 16 demand, but I believe the delayed features and economic factors are temporary challenges.
  • Apple’s upcoming software update will address missing features, boosting iPhone 16 sales, while improving economic conditions will enhance consumer spending.
  • The current price decline offers a buying opportunity for long-term investors, as the issues affecting iPhone 16 sales are temporary and solvable.

Apple logo and Google Pixel. Two biggest american company in modern technology.

Vadym Plysiuk/iStock Editorial via Getty Images

Investment Thesis

I am reiterating my buy rating for Apple Inc. (NASDAQ:AAPL) despite the recent price decline resulting from lower-than-expected iPhone 16 orders. In August, I wrote a bullish article on


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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