Core Viewpoint - Apple has lost its title as the world's largest company to Nvidia and Microsoft, and its lack of innovative products and AI strategy may lead to further declines in market capitalization [1][4][7] Group 1: Apple's Current Position - Apple's revenue growth has stagnated post-COVID, failing to achieve meaningful increases [4] - The company has not introduced any groundbreaking technologies recently, with its AI initiatives underperforming and new iPhones lacking significant features [7] - Current expectations suggest mid-single-digit revenue growth for Apple, contrasting sharply with competitors [7] Group 2: Competitors' Growth Potential - Meta Platforms and Alphabet are growing at two to three times the rate of Apple, with strong investments in AI supporting their growth [9] - Amazon's profits are increasing rapidly due to high-margin businesses like AWS, despite its revenue growth being similar to Apple's [10] Group 3: Earnings and Valuation Comparisons - All three competitors—Meta, Alphabet, and Amazon—are growing earnings at a faster pace than Apple, which is crucial for mature businesses [12] - Alphabet could surpass Apple in valuation if both were to trade at the same earnings multiple, given Alphabet's superior recent performance [14] - Meta's earnings growth, even if it slows, could lead to a larger net income than Apple's in five years, assuming current trends continue [15] - Amazon's higher valuation is justified by its rapid earnings growth, and it could still maintain a comparable valuation to Meta even with a slowdown [16] Group 4: Investment Recommendations - The three companies—Meta, Alphabet, and Amazon—are viewed as strong investment opportunities, while Apple is considered a slow-growing and expensive stock [17]
Prediction: These 3 Stocks Will Be Worth More Than Apple by 2030