@koolgal:$Apple(AAPL)$ has dipped below the 140 psychological level today. It is looking very attractive to buy the stock now. Apple's highest stock price over the past year was 182.94 and hitting 3 Trillion dollars in market cap just briefly. Its lowest point was 122.86. According to the Financial Analysts Apple is a Buy with 80 Buy ratings, 18 Hold ratings and 1 Sell Rating.Currently Apple stock forecast for the next 12 months is 181. The reasons being Covid lockdown in China, Supply Chain Disruption and likely slow down in the economy. Still Apple is a solid stock to hold. It had posted a strong Q2 result. Revenue increased 9% year on year to 93.3 billion dollars. Its Basic Earnings per share is up
@StarLuck:$Apple(AAPL)$2Q earnings beat the street’s estimates, but offered a not so rosy 3Q guidance, should investors be worried?In 2Q2022 release, we saw Apple CEO Tim Cook giving guidance for 3Q2022 that didn’t make Wall Street very happy.Cook revealed that supply chain constraints pertaining to COVID-driven plant shutdowns in the Shanghai area, along with industry component shortages, are expected to result in a substantial drag of US$4 billion to US$8 billion for fiscal 2022’s third quarter (3Q2022). Also, with mounting inflationary pressures, Apple’s gross margin forecast of 42-43% implies that there may be a year on year margin contraction compared to the 43.3% in 3Q2021.Investors of this blue-chip technology stock may wonder if this piece of