Core News Facts
Apple (NASDAQ: AAPL) and Costco (NASDAQ: COST) are both large consumer-facing companies facing slowing growth, yet they still have potential for long-term earnings growth, with estimates of 10.6% annual growth for Apple and 9% for Costco.
Apple’s service revenue reached nearly $53 billion in the first half of the year, a 12.7% year-over-year increase, while Costco saw a 6.8% increase in paid memberships to 79.6 million.
Currently, Apple’s P/E ratio stands at 33, while Costco’s is around 54, indicating a more attractive valuation for Apple as it navigates growth challenges, including the integration of AI into its products.
