Gene Munster Makes The Case: There's 'Something Bigger Going On' With Apple Stock
Portfolio Pulse from Adam Eckert
Gene Munster of Deepwater Asset Management suggests that Apple Inc's (NASDAQ:AAPL) stock is being driven by a new investment theme, despite the company's recent sluggish quarters. Munster believes that investors are giving more weight to Apple's growing active installed base. He also suggests that Apple can continue to grow its active installed base even if device sales are down 15% to 20%.
August 08, 2023 | 3:01 pm
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Apple's stock is being influenced by a new investment theme focusing on its growing active installed base, according to Gene Munster.
Gene Munster's analysis suggests that despite sluggish quarters, Apple's stock is being driven by a new investment theme. This theme focuses on the company's growing active installed base, which is gaining more attention from investors. This could potentially drive the stock price up in the short term.
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