Apple (AAPL) stock faced a 1.7% decline after the "Wonderlust" event on September 14, where new Apple Watches and the iPhone 15 were unveiled, disappointing some investors
Concerns over the Chinese government's iPhone ban for state officials and employees have contributed to a more than 10% decline in Apple's stock from its recent highs
Despite these concerns, some believe that the worries about the Chinese iPhone ban may be overblown and that dip buyers could benefit
Apple's stock now has a trailing price-to-earnings (P/E) multiple of 29.2, which, while high for Apple, is still seen as relatively elevated
Analysts like Daniel Ives are optimistic about Apple's future and believe that there are catalysts that could drive the stock price higher in the coming year.
The decline in Apple stock following news of the Chinese iPhone bans is viewed by some as an exaggerated reaction, considering the ban only applies to Chinese government officials and employees
Experts argue that a broader ban on iPhones is unlikely due to China's significant role in manufacturing the device
The impact of the China ban on Apple's devices is estimated to affect only 500,000 devices, a small fraction compared to the global shipments of over 225 million last year
Apple's top rival in China, Huawei, has a new smartphone, but the iPhone is still considered ahead of the competition
Despite the lack of groundbreaking features in the latest iPhone, there are underlooked developments, such as new high-quality video games and spatial video capture capabilities, that could benefit Apple's stock in the long run