• Leading revenue growth were Services and Mac sales, and iPhone and wearables/home/accessories sales.

• Services revenue grew only 5% YoY in Q4, Apple has 900M+ paid subscribers, and we believe services should bring more stability to Apple's revenue.

• The company has implemented a hiring freeze, indicating potential near-term weakness.

Future Projections:

• Despite declining consumer spending and a strong US$, we are expecting a strong Q1, as the company has launched multiple products in the past few months.

Visit researchfrc.com to find out our analyst's fair value estimate for Apple! Our analysts cover some big names like TeslaMicrosoft, Major Canadian Banks, etc.

Report link: https://www.researchfrc.com/apple-inc-nasdaq-aapl-facing-new-headwinds-amid-supply-chain-disruptions/?utm_source=stockhouse.com&utm_medium=Referral&utm_campaign=stockhouse.com&utm_id=Apple

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*FRC provides issuer-paid coverage.
*Past performance is not indicative of future results.