Apple Inc. is facing some headwinds moving forward, especially now that future sales are being questioned in China, which was previously one of its growth areas—imagine if Trump wins! Greater China, which includes mainland China, Hong Kong, and Taiwan, is Apple’s third largest region by revenue, representing 19% of Apple’s total sales during the 2023 fiscal year. Apple’s revenue in the region has declined year-over-year in six out of the seven most recent quarters, although it wasn’t as bad as many feared last quarter.
- Yesterday, Canada slapped massive tariffs on Chinese EVs as a global trade war threatened to emerge—not good for AAPL.
- We are concerned that increasing competition will hinder AAPL’s growth in the years ahead; it needs to nail its AI evolution.
- Importantly, we are not saying Apple is a sell per se; we are just saying that better opportunities for some of our funds in that position.
MM holds Apple Inc (AAPL US) in our International Companies Portfolio, and we may look to trim the position.
MM is long AAPL, but we may trim our position
Add To Hit List
