Contrary to its recent gains, Apple’s (NASDAQ: AAPL) stock trajectory has experienced fluctuation, notably from its July peak of $197. In the wake of this year’s last quarter earnings report, the spotlight is currently on this tech giant to address investor concerns.
In a noteworthy feat, Apple remained steadfast amid the economic turbulence of the previous year. However, the story of 2023 paints a different picture: Apple has reported a downturn in revenue for four consecutive quarters, reflecting a broader decline in consumer expenditure. Specifically, Q4 report 2023 data showcases a 1% year-over-year revenue drop.
Despite this, Apple’s price-to-earnings (P/E) ratio remains one of the most alluring in the market, currently at 29.5.
With an underwhelming performance of its product segment, AAPL and its investors can still fall back and rely on its service branches such as iCloud, Music, AppleTV+, and most notably, its App Store, which produces revenue that often surprises the profits that come from its main product, iPhone.
At the time of press on November 8, AAPL shares were trading at $181.82, up +$2.59 in the past 24 hours. Year-to-date, the stock gained roughly 45.37%, driving its market capitalization to $2.8 trillion.
What does 2025 carry for AAPL stock?
Given its recent news, investors are wondering how Apple stock will perform two years from now, halfway through this decade, and to answer that question, Finbold used AI-driven predictions by CoinCodex.
This forecast expects a drop in AAPL’s share price to $127.05 by November 8, 2024, with a fall of -30.12% from the current valuation.
However, the algorithm predicts a turn of the tide by 2025 for this stock, with a positive increase of 52.66% from trending levels, which would set its price at $277.57.
Considering all the underwhelming performances and news that have highlighted the shortcomings of this tech giant, it is not surprising that AI predicts a bleak period in the near future regarding the profits from this asset.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.