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A Bull Case for Apple: Is It a Sleeping Giant?
With a history of generating significant sales from only a handful of product lines, all it would take is one new successful product to move the needle for the tech giant.
Apple (NASDAQ: AAPL) has underwhelmed investors this year. As of this writing, shares are down about 19% year to date. That compares with a gain of about 4% for the S&P 500 during the same time frame. The stock's underperformance has been driven by the company's disappointing growth. Apple's revenue in the first half of the year, for instance, grew just 4.4% year over year.
With the tech company's total annual revenue hovering at around the $400 million level since 2022, there are some concerns that the iPhone maker may be nearing its maximum global sales potential. But before you count Apple out, consider the following unique bull case for the stock. It might change your mind.
Image source: Getty Images.
