Is Apple's Growth Story Over? Here's What History Says.

Core Viewpoint - Apple has provided significant returns to long-term shareholders, but faces challenges this year due to tariffs and trade wars, leading to concerns about future growth potential [1] Group 1: Historical Performance - Apple has previously navigated challenges related to tariffs and slowing iPhone sales, demonstrating resilience [4] - In 2019, Apple's stock dropped approximately 10% after lowering guidance due to weak iPhone sales in China, and fell 5% following tariff announcements, but rebounded strongly afterward [5][6] - The company employed strategies such as price adjustments to manage sales slowdowns, resulting in strong financial performance in subsequent years [7] Group 2: Current Challenges and Adaptability - Current tariffs are more aggressive than in the past, raising investor concerns about Apple's competitive position, particularly in the AI sector [8] - Despite these challenges, Apple has a history of adaptability, recently announcing local manufacturing investments of $600 billion over the next four years to align with trade policies [10]