“Their earnings at the end of January will be the next catalyst,” Suva said. “We expect them to talk about… China improving its supply and the COVID supply chain issues starting to lessen.”
“That should set up for a better-than-normal March quarter,” Sava said. “As we look forward to 2023, we see an AR/VR headset coming out, we see them starting to develop more of a foldable phone… that will likely come out in 2024. These things will set up for a good 2023 for Apple stock.”
“At the Fed starts to level out interest rates,” Suva said, “we believe investors will come back to the tech sector overall.”
