Inflation is really high, people can barely afford living paycheck to paycheck. Apple is a company that thrives on selling costly products. I’m wondering why downgrades are so few for the company. It just released a $3,500 product. People don’t buy iPhones every year like they used to. I get that services are bringing a lot of money in, but with tough economic headwinds, how is everyone still so bullish on the company? There’s not one analyst out there like “hey maybe this company shouldn’t be worth 3 trillion dollars as we are possibly heading into a recession”? I just find that odd.
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