Barron’s: “Apple Stock Deserves the Big Selloff. The iPhone 15 Needs to Come to the Rescue.”

Barron’s: “Apple Stock Deserves the Big Selloff. The iPhone 15 Needs to Come to the Rescue.” - DataTrek Research

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Barron’s: “Apple Stock Deserves the Big Selloff. The iPhone 15 Needs to Come to the Rescue.”

By datatrekresearch in IN THE NEWS Barron’s: “Apple Stock Deserves the Big Selloff. The iPhone 15 Needs to Come to the Rescue.”

Excerpt from Barron's quoting DataTrek co-founder Nick Colas:

.... "Microsoft (MSFT) knows Apple’s pain. Its product sales fell 6.1% in the latest quarter, wrote DataTrek Research’s co-founder Nicholas Colas on Monday. But Microsoft MSFT +0.71% made up the loss with growth in its services, up 16% from a year ago. Apple showed 8.2% growth in services.

For Apple, the heat is on to keep boosting services. But the big pressure really is to deliver with solid iPhone sales in the coming quarters to allay worries of a slowing smartphone market, particularly in developed regions"....

Full article here on Barron's.

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