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Apple: Still Dead Money Until At Least FY26

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  •  Apple has now fallen over $25 since the dead money call over 7 months ago.
  • The tech giant continues to see key products pushed out with the 2nd-generation AR/VR models potentially delayed until 1H'25.
  • The stock is still expensive at nearly 20x FY26 EPS targets.
About 7 months ago, our view was that Apple (NASDAQ:AAPL) was dead money for at least 4 years. The stock was at $166 when the article was published and now trades at $140, so far living up to the dead money theory. My investment thesis still predicts the tech giant won't see any upside until at least FY26 due to the constant push out of key new products.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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