Macro Headwinds to Hurt Apple’s Growth, Says Analyst
13 Julho 2022 - 09:07AM
TipRanks
Apple (NASDAQ: AAPL), like most of its tech peers, witnessed a
selloff in its stock. However, what stands out for Apple is the
strong demand for its products and services. Now, Monness
analyst Brian White, who maintains a Buy recommendation on
AAPL stock, sees the growing list of macro headwinds to slow
Apple’s growth. Factors to Hurt Apple’s Growth White stated
that the demand for Apple’s products gained significantly from the
COVID-led work-from-home mandates. Moreover, as consumers saved on
outdoor and travel expenses due to the restrictions, this further
fueled demand. However, economic reopening, supply
challenges, recession fears, geopolitical crisis, and inflationary
pressure on consumers could slow Apple’s growth.
https://www.tipranks.com/news/article/macro-headwinds-to-hurt-apples-growth-says-analyst?utm_source=advfn.com&utm_medium=referral
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