Apple delivered a blockbuster quarter result yesterday but as is so often the case the market looked through the now, in this case the concern was AAPL would struggle to sustain growth especially as it faces a tightening supply of chips with the worsening COVID picture through Asia not helping the production catch up. MM likes AAPL as a company and continues to enjoy holding it in our International Portfolio but a pullback in the short-term from current levels wouldn’t surprise.
MM is bullish AAPL medium-term
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