Apple’s Premium Valuation Faces Headwinds as Growth Slows
Apple Inc.''s forward P/E of 28 now exceeds its five-year average, signaling vulnerability as growth decelerates. Fiscal 2024 revenue grew just 2%—a far cry from 2021’s 33% surge. Needham’s downgrade underscores eroding margins and peer underperformance.
The stock’s stagnation reflects market skepticism. While liquidity and brand equity remain strengths, valuation concerns dominate. Investors eyeing tech exposure may find better opportunities elsewhere as Apple’s growth narrative falters.