Could Apple Stock Plummet in 2024?
Apple (NASDAQ: AAPL) has had a phenomenal run in 2023, with the stock rising about 50% year to date. However, that rise wasn't warranted, in my opinion. If you analyze Apple's business results for its fiscal 2023, they aren't great. In fact, if it were any company besides Apple, the stock behind the business would have likely declined.
As a result, 2024 could be a bumpy year for Apple shareholders, as the company enters the year with sky-high expectations but no execution behind it. So is Apple stock due for a crash in 2024?
When analyzing Apple, it's easier to break the company into two segments: iPhones and everything else. In its fiscal 2023 fourth quarter, which ended Sept. 30, iPhones accounted for 49% of Apple's sales. However, iPhone sales weren't strong this year.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 130 Buy predictions and 13 Sell predictions.
As a result the target price of 209 € shows a slightly positive potential of 7.43% compared to the current price of 194.54 € for Apple Inc..
