Should You Buy the Dip in Apple? By StockNews
Apple (NASDAQ.) has a market capitalization of $2.45 trillion and a dominant market share within the technology space. However, a recent U.S. court ruling that struck down AAPL’s requirement that developers use its in-app payment system is expected to reduce its revenues. Moreover, AAPL has been accused of antitrust violations. This could impact its ability to provide higher returns than the industry in the immediate future. You can read more. Apple, Inc. (AAPL), is the largest company by market capitalization. This company, which is located in the United States of America, is the most rapidly growing and is currently ranked third on the Fortune 500 2021 list. The stock price has fallen 0.6% over the last month, and 3.9% in the last five days. The company cannot force its developers to use the in-app payments system. It deducts 30% commissions from sales.
AAPL’s revenues are expected to take a big hit because of the ruling, because developer commissions account for a large proportion of its Apple Pay segment earnings. However, the tech giant is likely to bounce back quickly with new products and services.
AAPL unveiled its much-anticipated iPhone 13 Apple Watch Series 7 and iPad mini in September 14. AAPL purchased Primephonic, a streaming music service for classical music on August 30, and launched its highly anticipated iPhone 13, Apple Watch Series 7, and iPad mini on September 14.
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