Apple Inc. is a high-quality company capable of huge profitability and sustained growth. A poor start to 2023 seems to have gone ignored by investors, with dropping net incomes and margins being drowned out by hype and momentum. Current valuations leave little to be desired for value-oriented investors. I believe the 20% premium currently present in share prices combined with a recessionary environment spells danger.
Apple: Major Market Correction Likely Ahead