Citi's recent report on Apple Inc. (AAPL) has highlighted the company's resilience in the face of macroeconomic challenges, focusing on the upcoming iPhone SE4 and iOS 18.4 update. The report anticipates a 5% y/y growth in 2025 and 2026, driven by strong performance in Apple's services segment and promising growth in emerging markets like India. Despite regulatory risks in Europe and potential impacts from US-China tensions, Apple's growth in its active installed base and services is expected to drive future demand. The report also notes gross margin expansion due to a higher blended ASP in iPhone sales and a growing services sales mix.
The Direxion Daily AAPL Bear 1X Shares (AAPD) ETF experienced a decline, dropping 3.49% to $16.57 at 3:20 PM on Monday, January 27.