Apple's Best Days Are Behind It

By Travis Hoium – Feb 6, 2024 at 6:45AM

NASDAQ: AAPL

Apple

Market Cap

$2,614B

Today's Change

(-0.35%) -$0.59

Current Price

$169.30

Price as of April 26, 2024, 4:00 p.m. ET

Where does Apple look for growth now?

Apple's (AAPL -0.35%) latest quarterly report showed what a lot of investors have feared. iPhone, Mac, and iPad sales are all dropping and the only reason the company's revenue isn't falling is services revenue. But how long will that last?

In this video, Travis Hoium covers the red flags for Apple stock given how expensive it is today.

*Stock prices used were end-of-day prices of Feb. 2, 2024. The video was published on Feb. 5, 2024.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Apple. The Motley Fool has positions in and recommends Alphabet and Apple. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.