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Apple targets smart homes and foldables to boost shares
Apple has announced its plan to launch a range of new and updated devices, including smart home products such as thermostat controllers and doorbells, as well as the "iPhone Duo" foldable model, which represents the most significant change in the company's phone designs. This move comes at a time when Apple's stock performance has slightly declined, despite rising 25% since the beginning of the year and trading at a record P/E ratio above 35, the highest level since 2007. The company's success faces challenges from potential weak demand, rising living costs, and inflation, with forecasts of slowing revenue growth from 15% to 10% by 2027 and to 7.8% in 2028. Nevertheless, some analysts remain confident in the company's ability to leverage AI models and expand its product offerings.
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