Apple a 'compelling name' for riding out current market conditions, analyst says

Apple is a solid choice for a stock to ride out the current market storm because of its resiliency, installed user base, and services outlook, according to a Wedbush analyst.

Apple iPhone 13 Pro Max
In a note to investors seen by AppleInsider, lead Wedbush analyst Daniel Ives says that Apple should be a "compelling name" for investors in the current market conditions. Those conditions include multiple compression and fears of a growth slowdown among tech giants.

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