Recent disclosures of political trades reveal a shift in capital toward Nvidia and Amazon, with only Intel sold, suggesting a rotation away from Apple among high-profile investors. This move reflects concerns about Apple’s slower growth in services (projected to decelerate to 10% YoY by 2026) and vulnerability to regulatory scrutiny, including potential breakup orders in the U.S. DOJ’s ongoing case. The stock’s reliance on iPhone revenue (over 50% of total) exposes it to risks from extended upgrade cycles, with analysts estimating a 5-7% decline in unit sales in emerging markets in 2025, prompting caution for near-term investors.
