Apple Faces Growth Concerns as iPhone Demand Slows and Innovation Lags
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iPhone demand is slowing, especially in China which is a major market for Apple. Recent discounts show this.
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New AI features may not compellingly drive upgrades for most mainstream users. Many can just download AI apps instead.
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Valuation remains high despite slowing growth. Stock could return to historical median P/E of 27x.
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Innovation seems lacking recently compared to the past. Need something new to maintain loyal fan base.
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Risks like China demand and fading liquidity are being ignored now, but market doesn't always price things correctly.