Apple Reports Mixed Earnings Amid Slowing Growth, But Outperforms Peers and Holds Long-Term Potential
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Apple reported mixed FQ4 earnings with revenue growth slowing in China but outperforming peers. iPhone growth faces near-term headwinds.
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Mac revenue fell 33.8% YoY due to tough comps though M2 chip upgrade cycle could drive recovery.
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iPhone 15 demand signals remain unclear until Apple reports FQ1 results next year. Near-term growth depends on iPhone performance.
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Despite mixed results, AAPL attempted to bottom in October in line with 50WMA. But long-term outlook remains challenging.
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Rating upgraded to Cautious Buy on execution ability against peers. But avoid adding near $200 level to manage risk/reward.