Apple is a great company, but investors should be careful, analyst says

Shares of Apple (AAPL) are rising after the tech company announced that will execute a record $110 billion share buyback program. While once considered a part of the Magnificent Seven tech stocks, some analysts are beginning to sour on the tech giant after a lackluster 2024 performance thus far.
Rosenblatt Securities Managing Director Barton Crockett joins Catalysts to explain his bearish position behind Apple and why the iPhone maker will need to deliver more than a couple of announcements before changing his mind.
"They said that AI will be in all of their products. What matters is the details, and what matters is do they have a device in AI, a device that's compelling? It's one thing to say you have an AI device, it's another thing to deliver some use case that consumers want," Crockett affirms. "Our survey work would tell us that there is an appetite. Consumers are interested in AI capabilities. And you know, in their minds, conceptually, that can be a reason to buy hardware."
About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
#youtube #news #Apple

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X:   / yahoofinance  
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook:   / yahoofinance  
LinkedIn:   / yahoo-finance