Shulou(Shulou.com)11/24 Report--

According to the news in the morning of June 14, Beijing time, Apple's share price has reportedly hit a record high and performed very well, but analysts are secretly worried that iPhone demand may not be as expected and the growth of the service industry may slow. The number of analysts who give Apple optimistic ratings has begun to decline, to the lowest number in more than two years.

UBS Group AG this week downgraded Apple's stock to "neutral" from "buy". Among analysts who follow apple, only 67% recommend "buy", the lowest since the end of 2020, and do not stand out among many companies with very high market capitalization.

Over the years, Apple's share price has been doing well, with a market capitalization of $3 trillion and a large number of institutional investors, and now some analysts are no longer so optimistic, which is not a good sign. Apple shares are up 41% this year to $183.77, and skeptics don't think there will be any new catalysts to stimulate the stock to rise for some time to come.

David Vogt, an analyst at UBS, said in a report that demand for iPhone and Mac was likely to come under pressure in the second half of the year, while growth in the services sector, including App Store, Apple Music, Apple TV and other subscription products, was slowing.

Although Vogt raised Apple's target price to $190 from $180, it is only 3 per cent higher than Monday's closing price. Apple's price-to-earnings ratio is about 29 times earnings, the highest in nearly a decade and about 50 per cent higher than the market, according to Vogt.

"in the next 6 to 12 months, considering the weakness of iPhone, PC and App Store, Apple shares are not very attractive in terms of risk-return ratio," the report said. "

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