Apple's 3 Big New Year Woes

Summit Research
11.02K Followers

Summary

  • Apple Inc. stock has rebounded sharply in H2 2025, outperforming the S&P 500 and its Magnificent Seven tech peers over the same period.
  • This continues to reflect robust investor confidence in AAPL's near-term iPhone momentum and margin expansion trajectory, reversing early-year fears over the company's tempered AI roadmap.
  • However, AAPL stock's latest upsurge leaves limited room for upside, especially given looming challenges to Apple's demand outlook and cost backdrop that its current premium has yet to de-risk for.
  • In the following analysis, we discuss three immediate challenges to Apple's fundamental backdrop and valuation assumptions heading into FY2026, which could put the durability of AAPL stock's current premium at risk.

Apple Store at 5th Ave in Manhattan, New York City

ozgurdonmaz/iStock Unreleased via Getty Images

Although Apple Inc. (AAPL) stock started off as an underperformer against its Magnificent Seven peers and the broader market in the first half of 2025. After declines of 18% through June, it quickly reversed the trend

Create a free account to read the full article

Gain access to the world's leading investment community.

Already registered?

By creating an account using any of the options above, you agree to the Terms of Use & Privacy Policy
or

Top Stocks for 2026

Join us on January 6 as our VP of Quantitative Strategy, Steven Cress, discusses the Top 10 Stocks for 2026.

These picks are selected using the proven data-driven approach that led 2023, 2024 and 2025 picks to significantly outperform the S&P 500.* 

Subscribe to Premium for just $4.95 for your first month to attend this members-only event. 

Banner Image
Register Now

*Performance as of November 28, 2025. Past performance is no guarantee for future results. Subject to Seeking Alpha’s Events Policy as available here: https://about.seekingalpha.com/events-policy. 

About AAPL Stock

SymbolLast Price% Chg
AAPL
272.360.51%
Post272.18-0.07%
Chart
Chart with 160 data points.
The chart has 1 X axis displaying Time. Data ranges from 2025-12-18 09:30:00 to 2025-12-23 16:00:00.
The chart has 1 Y axis displaying values. Data ranges from 268.075 to 273.62.
End of interactive chart.
Market Cap
$4.00T
PE (FWD)
32.87
Yield
0.38%
Rev Growth (YoY)
6.43%
Short Interest
0.88%
Prev. Close
$270.97