02/04/2025, 07:35 AM UTC
苹果：高端估值似乎不合理Apple: Premium Valuations Appear Unjustified
1. 苹果的iPhone 16和苹果智能未能引发AI驱动的升级周期，导致收入和利润增长低于预期。2. 苹果在中国面临竞争和潜在特朗普关税的挑战。3. 消费者正在延长智能手机升级周期，这可能会减缓苹果的收入增长。4. 根据折现现金流估值和历史倍数，苹果似乎被高估，暗示股价可能下跌40%。1. Apple's iPhone 16 and Apple Intelligence have failed to trigger an AI-driven upgrade cycle, leading to lower revenue and profit growth. 2. Apple faces challenges in China due to competition and potential Trump tariffs. 3. Consumers are extending smartphone upgrade cycles, which may slow Apple's revenue growth. 4. Based on DCF valuation and historical multiples, Apple appears overvalued, suggesting a potential 40% decline in stock price.---
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