TipRanks weighs Apple against Google

From Joey Frenette's "Alphabet vs. Apple: Which FAANG Stock Does Wall Street Like the Most?" posted Tuesday:

Alphabet (GOOGL)

Alphabet is a wonderful tech company that you can never count out. The company caused a bit of a stir when it reported a mild earnings miss in its first quarter, with $24.62 per-share earnings, missing the $25.89 estimate...

Apple (AAPL)

Apple is another high-quality FAANG stock that investors don’t seem to be giving the benefit of the doubt. Despite clocking in a solid Q1 earnings beat, the cautious guide startled investors. There are supply-side constraints that not even Apple can navigate through without enduring a bit of pain.

Still, as Apple moves past such issues in the second half, there are reasons to believe that demand could stay strong, as wealthier consumers continue to spend on the latest and greatest Apple devices and services. It’s encouraging that Apple fans tend to have a bit more disposable income than more cost-conscious Android users.

Apple’s strong brand may help it dampen downside in a recession. However, it’s (sic) innovation that could help Apple shrug off a coming 2023 economic slide. The much-anticipated mixed-reality headset is rumored to launch in early 2023.

As you may remember, Apple unveiled the first iPhone in the face of the Great Financial Crisis. Looking back, the market crash of 2008 is just a small blip. Could Apple’s big headset launch induce upside such that the 2022 plunge will be dwarfed in a few years’ time? I’d argue it’s likely.

My take: No surprises here.

2 Comments

  1. Fred Stein said:
    Wow! He still believes in FAANG. Maybe he believes in Santa Claus. Guess he hasn’t seen NFLX’s chart lately.

    He thinks MR glasses could be as impactful as the iPhone. That’s a sign of someone who believes the hype. While I think Apple will give us 3D immersive experiences, no predictions on when and how. Simply put – they have the best full stack tech inside, and 3rd developers outside.

    3
    July 6, 2022
  2. Rodney Avilla said:
    “Could Apple’s big headset launch induce upside such that the 2022 plunge will be dwarfed in a few years’ time? I’d argue it’s likely.”

    I like that. But I would argue that it won’t take a few years.

    0
    July 6, 2022

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