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Apple (NASDAQ: AAPL) has underperformed in the tech sector despite being one of the most valuable companies globally, with a market cap of approximately $3.8 trillion. The stock has nearly doubled in value since 2023, yet it lags behind the S&P 500’s roughly 74% increase during the same period.
Over the last twelve months, Apple reported a net income of nearly $100 billion on revenues of $409 billion, achieving a profit margin of 24%. However, its recent sales growth has totaled $313.7 billion, representing a year-over-year increase of just under 6%. Currently, the stock trades at a price-to-earnings (P/E) ratio of 37, prompting concerns about its high valuation amidst slowing growth.
With around 1.4 billion iPhone users globally, Apple’s strategy in artificial intelligence (AI) and innovation has been criticized as lacking, which may impact its future competitiveness in the market.
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