Forget the iPhone. Apple Stock Doesn't Need It.
Similar to its big-tech counterparts, Apple (NASDAQ: AAPL) has faced its share of road bumps throughout 2022. There is no denying that the technology behemoth has created one of the most iconic brands in modern history. There is something unique about the company's sleek aesthetic that make its hardware easy to identify, and more importantly, desirable.
While the company recently reported record revenue during its Q4 fiscal year 2022 earnings call, it's important for investors to peel back the onion. As a direct-to-consumer business, Apple is not immune to the effects of inflation. Moreover, as a company that partners with suppliers globally and outsources some development overseas, Apple has also been forced to navigate around supply chain disruptions as well as the lingering effects of COVID-19 in some geographic areas.
Let's take a deep dive into Apple's entire business and learn why the company and stock are so resilient despite some near-term headwinds.
Source Fool.com
