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Apple Dips Ahead of Foldable Launch as High Valuation and Inventory Risks Mount

GuruFocus Read original source (opens in a new tab)
The Story

News Summary

  • Apple shares slipped ahead of a key event anticipated to feature its first foldable iPhone.
  • Elevated inventory levels, late entry into the niche foldable market, and a valuation nearly 10% above fair value estimates create notable downside risks if the new device fails to spur upgrades.
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AAPL price history

332.27 +20.75% over the displayed period

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