Apple Shares Are on a Tear Despite Sluggish Growth, Tariff Risks
- Shares are up almost 10% in past month, outperforming Big Tech
- IPhone 16 model with AI features has seen lukewarm demand
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Apple Inc. has the slowest revenue growth among Big Tech stocks and is facing tariff-related risks going into Donald Trump’s second term. None of that is holding back the stock.
The shares are up almost 10% in the past month, making Apple one of the best performers in the so-called Magnificent 7 after Tesla Inc. during the period. The recent gains come despite a tepid response to the latest iPhone model and a disappointing earnings report in late October. Investors seem remarkably calm about these headwinds, with the CBOE Apple VIX — which tracks estimated future volatility — recently touching its lowest in nearly a year.