As Apple Battles DOJ Antitrust Claims, Analysts Compare It With Microsoft's Past, Seeing AI Opportunities
Portfolio Pulse from Anusuya Lahiri
The DOJ has filed an antitrust lawsuit against Apple, which analysts believe will be a long process but ultimately not lead to significant changes in Apple's business model. Analysts from Wedbush, Morgan Stanley, and Evercore ISI maintain positive ratings on Apple, citing AI opportunities and the company's strong position despite the lawsuit. The case is part of broader antitrust efforts against Big Tech. Apple's stock has gained over 9% in the last 12 months, and exposure to Apple's stock can also be gained through FTEC and IYW ETFs.
March 22, 2024 | 5:37 pm
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POSITIVE IMPACT
Despite the DOJ's antitrust lawsuit, analysts maintain positive outlooks on Apple, citing AI opportunities and a strong market position. The lawsuit is expected to be lengthy but not result in significant business model changes.
Analysts' positive ratings and projections for Apple, despite the antitrust lawsuit, suggest confidence in the company's resilience and growth prospects, particularly in AI. The lawsuit is seen more as a headline risk than a financial one.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
FTEC ETF offers exposure to Apple's stock, which has seen over 9% growth in the last 12 months despite the DOJ's antitrust lawsuit.
FTEC, being an ETF that includes Apple, benefits from the company's stock performance. Analysts' positive outlook on Apple, despite legal challenges, suggests potential positive impact on FTEC.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
IYW ETF provides investors with a way to gain exposure to Apple, which analysts remain bullish on despite the DOJ antitrust lawsuit.
Like FTEC, IYW benefits from Apple's performance. The ongoing legal battle, while significant, is not expected to deter Apple's growth, potentially benefiting IYW holders.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Microsoft's past experience with antitrust cases is referenced as a comparison to Apple's current situation, suggesting potential outcomes.
Microsoft is mentioned as a comparative case to understand the potential impact of Apple's antitrust lawsuit. The reference suggests that the outcome may not significantly harm Apple's business, similar to Microsoft's experience.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30