Should you buy Apple stock? (January 2024)

Published first at https://www.3minutebreakdowns.com Apple stock analysis. Ticker: $AAPL Apple is one of the largest companies in the world with.a market cap just above 3 trillion dollars. With 162 billion of cash and investments on its balance sheet and 95 billion of debt, the enterprise value is 2.95 trillion. Meanwhile, Apple has reported 383 billion of revenue over the last 12 months, 97 billion of net income and 99 billion of free cash flow. So Apple stock is currently valued at almost 8 times revenue and 31 times earnings. Despite the high valuation Apple’s performance in recent years should give investors some concern. The market for smartphones is maturing and last year global sales fell by 5%. Apple’s last 4 quarters have all seen lower sales than the year prior and the latest iPhone 15 has failed to reverse that trend. Meanwhile, the company is facing investigations from regulators and its new product Apple vision Pro is likely to be a flop. The gadget may have cutting edge tech but VR headsets lack the convenience of a smartphone and they give users motion sickness. According to Circana, sales of VR headsets and AR glasses tanked 40% last year. Another risk worth mentioning is China. Not only does China play a part in manufacturing but it also generates 20% of Apple revenue. And recently, there were reports that Apple was discounting its products there. #applestock #investing #stocks #stockstobuy