Part 6/9:
Apple's trajectory has similarly been one of concern. Despite being a staple in many portfolios, its growth remains lukewarm, particularly in the Chinese market, where it's losing share. Last year, Apple's cumulative revenue growth hovered around only 5% over a three-year span—disappointing by mega-cap standards.
There are lingering questions surrounding new product innovations and upgrades that may entice consumers. However, without a compelling reason for consumers to upgrade their devices—especially in light of high inflation and tighter budgets—demand may not rebound as anticipated. Furthermore, Apple faces competitive pressure from other artificial intelligence developments, heightening the scrutiny on its future projections and fundamental valuation.