The stock price remains stagnant, product demand is weak, and U.S. institutions' confidence in Apple declines

CNMO Technology News reported that Goldman Sachs recently made an important adjustment in its latest investment strategy and removed the technology giant Apple from its best buy list. The main reasons for this decision were poor performance of Apple's stock and concerns about declining demand for its main products. Goldman Sachs may believe that the current challenges and uncertainties faced by Apple have caused them to have doubts about its future growth and profitability. This move also reflects the changing attitude of investors towards the technology industry, where they are more cautious in evaluating investment targets in response to market fluctuations and risks. Goldman Sachs' decision may trigger market sentiment towards Apple. From a data point of view, Apple's stock price has remained almost unchanged since June 2023, while the stock price of Apple has remained unchanged over the same period. The S&P 500 index rose nearly 22%. This contrasting performance has caused Goldman Sachs to have doubts about Apple's investment prospects. Especially on March 1, after Apple was removed from the best buy list, its stock price fell by 0.6%, further validating the market's concerns.

In addition to Tesla, Apple also appears to be inadequate in comparison with the other seven technology giants. These technology giants, including Google, Microsoft, Amazon, etc., have performed well in the past period of time. In comparison, Apple's stock price performance appears somewhat weak.

Goldman Sachs stated that its Best Buy list will be reviewed monthly to ensure that the stocks on the list are the best investment options at the moment. If a stock's performance no longer meets its investment criteria, it will be removed from the list. This dynamic adjustment strategy is designed to help investors better grasp market opportunities and achieve better investment returns.

While Goldman Sachs has expressed concerns about Apple’s investment prospects, not all analysts share the same view. Analyst Michael Ng maintained his buy rating on Apple. He believes that the market's focus on the slowdown in product revenue growth may be excessive, which to some extent obscures the strength of Apple's ecosystem and the durability and visibility of related revenue.

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