Why I Sold All My Apple Shares And What I Am Buying Instead

Summary:

  • Apple stock outperformed SPY 4x in the short term, driven by anticipation of AI-enabled iPhones in September.
  • Apple’s valuation remains sky-high despite the potential for a better-than-expected iPhone 16 upgrade cycle.
  • The lack of new product developments and a mature smartphone market will weigh on Apple’s top-line growth moving forward.
  • I have now sold all my Apple shares, rotating all my proceeds to SPY trading at a significant discount with a better EPS growth potential and ultimately attractive ROR.

Apple Store at 5th Ave in Manhattan, New York City

ozgurdonmaz

Initially, I wrote a bearish coverage of Apple Inc. (NASDAQ:AAPL) back in April this year, as I trimmed most of my relatively large Apple position, leaving just a few dozen of shares in my portfolio, rotating and parking the


Analyst’s Disclosure: I/we have a beneficial long position in the shares of SPY either through stock ownership, options, or other derivatives. 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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