Shares of Apple (NASDAQ: AAPL) have tanked 16.7% this year as investors have been concerned about the impact of rising interest rates and soaring inflation on the premium technology retailer. Apple is expected to announce its fiscal Q3 results on July 28, and investors will be watching closely how these macroeconomic challenges affect the company's topline performance. However, top-rated Rosenblatt Securities analyst Barton Crockett is of the opinion that Apple is likely to out-perform its peers in fiscal Q3 and will likely exceed consensus estimates. Let us look at the reasons behind the analyst’s confidence in the stock.
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Apple (NASDAQ:AAPL)
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Apple (NASDAQ:AAPL)
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From Dec 2021 to Dec 2022 Click Here for more Apple Charts.