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Apple stock dip 21% year to date: buy, sell or hold?

MacDailyNews

Apr 21

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Apple’s stock price has declined 21.3% year to date, trailing the Zacks Computer & Technology sector’s decline of 17.1%. The stock faced pressure from extended Apple Intelligence delays and U.S. President Donald Trump’s announcement of tariffs on trade partners, including China, Mexico, and Canada. Following the April 2, 2025, Liberation Day announcement, Apple shares dropped 11.2% through April 9, when a 90-day tariff pause was introduced. Since the pause, Apple shares have rebounded, gaining 3.4% to date.

Aniruddha Ganguly for Insider Monkey:
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China is an important market for Apple as the iPhone maker’s manufacturing is primarily concentrated in the country. Higher tariffs negatively impact Apple’s China supply chain.
Apple has also been suffering from sluggish demand for the iPhone in China amid increasing competition from the likes of Huawei and Xiaomi, as well as the lack of Apple Intelligence. Greater China sales decreased 11.1% year over year in the first quarter of fiscal 2025.
The Zacks Consensus Estimate for Apple’s fiscal 2025 earnings has declined 1.1% to $7.18 per share over the past 30 days, indicating 6.37% growth from the figure reported in fiscal 2024…
Although the Services business has emerged as AAPL’s new cash cow, we believe Apple Intelligence’s underwhelming performance is a headwind for its product business (iPhone, iPad and Mac). Hence, we believe that Apple’s near-term growth prospects do not justify a premium valuation.
AAPL currently has a Zacks Rank #3 (Hold).

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MacDailyNews Note: In a potential next big catalyst for the stock, Apple will release second fiscal quarter results and business updates on Thursday, May 1, 2025 after market close or right around 1:30pm PDT / 4:30pm EDT which we’ll have for you on our home page as soon as they are available.

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