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Apple Inc. (AAPL): A Bear Case Theory 

We came across a bearish thesis on Apple Inc. on Darius Dark Investing’s Substack. In this article, we will summarize the bulls’ thesis on AAPL. Apple Inc.'s share was trading at $254.43 as of September 23rd. AAPL’s trailing and forward P/E were 38.61 and 31.65 respectively according to Yahoo Finance.

Apple Inc., long regarded as the quintessential blue-chip and a staple of modern portfolios, is facing a fundamental transformation that challenges its reputation as an invincible growth engine. Despite a $3 trillion market capitalization and a legacy of innovation, Apple now...