I am neutral on Apple (AAPL) as its strong recent performance momentum, overwhelming analyst bullishness, and formidable competitive advantages are offset by its murky near-term growth outlook and valuation multiples, which appear elevated relative to its historical averages. Apple is the leading global consumer electronics company and is in fact one of the largest companies in the world. In addition to its dominant computer and phone products, the company also has a thriving services business that consumers access through its variety of electronic devices. These services include Apple Music, iCloud, Apple Care, and Apple TV+.
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