shares. “We feel very good about the outlook, and continue to see meaningful opportunities ahead, with a stable iPhone franchise and growth drivers from both services and new products.”
Ever since it first became the world’s most valuable stock in 2011 – when its market cap was under $340 billion and it comprised about 3.3 per cent of the S&P 500 – Apple has rarely been far from the title. It briefly fell behindin October, after warning about the impact supply-chain issues would have on its holiday quarter, though that second-place status was short-lived.
From a product perspective, Apple is also hitting snags and contending with new rivals. The company’s upcoming virtual and augmented reality headsets will vie with gear from Meta Platforms, formerly. Its long-in-development car project has also hit roadblocks with ever-changing goals and key departures.
IrishTimes It seems only a few years since they hit 1 trillion. But the conveyor belt of desirable products seems to be running out of steam.
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