Apple's new iPhone to take longer to reach customers - analysts

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Tough Cycle Ahead: Expect Apple (AAPL) Stock to Pull Back and Create a Buying Opportunity as Shipments Expected to Steeply Decline - New Street’s Ferragu

September 27, 2021 8:44 AM EDT

New Street Research analyst Pierre Ferragu believes the Apple (NASDAQ: AAPL) stock could pull back in the near term and offer an attractive long-term buying opportunity.

A pullback could occur as the 5G momentum seems to be slowing down and Apple faces a tough cycle ahead. The analyst sees 5G penetration increasing roughly 15pts with... More