News Post

What could bring Apple down?

Livemint · 7m

Apple CEO Tim Cook is facing numerous challenges at the start of 2024. The company recently had to remove features from smartwatches due to a patent dispute, is being sued by the US Department of Justice over antitrust violations, and reported losing market share in China. In addition, analysts have suggested that Apple's shares are overvalued. The company's upcoming quarterly earnings report and the release of its new augmented reality headset, the Vision Pro, will be crucial moments for Apple. However, early indications suggest that the headset's prospects are uncertain as major streaming app providers like Netflix, Spotify, and YouTube have announced they will not make their apps available on the device. Despite these challenges, Apple's shares have remained stable for now, and its market value remains high. However, the company faces larger challenges including legal issues, slowing iPhone sales, and geopolitical tensions. These factors could potentially impact Apple's position as the world's most valuable company in the long run.