Apple's stock is faltering amid the boom in tech stocks

Apple has lost some of its momentum, and at the same time sales of the latest iPhone model have been weaker than expected, especially due to sales in China.

The iPhone 15 was launched in September and its demand was in line with expectations around the world, except in China. The iPhone was launched at the same time as the Huawei Mate 60 Pro, so the timing was not ideal. The sentiment of the Chinese regarding the iPhone may also be changing, as Apple's production has been moved from China to India. China has also limited the use of iPhones as office phone for government employees.

In the last 12 months Apple's turnover has not grown contrary to expectations, but fell by 0.6 percent. At the same time, the turnover of many other large technology companies has grown by double-digit percentages. However, the stock has produced good returns in the last year, despite the revenue flattening.

The company's turnover decreased during the year, but earnings per share, or EPS, rose by an average of 8.8 percent. This was due to share buybacks and Apple's disciplined spending.

The Price-to-Earnings ratio P/E of Apple's stock is around 27, which is historically a high price for a company whose revenue is shrinking.

Apple has at least seemingly sat on the sidelines during the artificial intelligence frenzy. Last month, the company's CEO, Tim Cook, opened his verbal coffin enough to mention that actions will speak for themselves in the future. However a week later, the man said that Apple will launch revolutionary AI technology later this year.

During the latest MacBook Air product launch, Cook said that every Mac computer is an incomparable platform for artificial intelligence after the company switched to its own processors. "MacOS will provide AI-powered smart features that boost productivity and creativity, allowing users to take advantage of powerful camera features, real-time speech-to-text, translation, text prediction, visual understanding, accessibility features and more," Cook said.

Vontobel’s TLNG APL V27-turbo offers a leveraged product to seek returns on Apple's rising stock price. At the time of writing, the leverage of the product is 3.66 times, which corresponds to the 3.66 percent yield of the leveraged product when the Apple stock rises by one percent. If, contrary to expectations, the share price falls by one percent, the leveraged product incurs a loss of 3.66 percent.

With Vontobel's leveraged products, you can also aim for a return on the declining price of the Apple stock.TSRT APL V39-turbo offers, at the time of writing, a 5.6-fold leverage to the share's return. If Apple's stock falls by one percent, the leveraged product produces a profit of 5.6 percent. Turbo's value, on the other hand, decreases by 5.6 percent if Apple's share price rises by one percent.

Vontobel's investment products can be traded during the opening hours of the Helsinki Stock Exchange. When trading leveraged products, the risk of loss increases. Losing the entire invested capital is possible. Apple's share, which is the target asset, is quoted in US dollars, so the yield of the leveraged product also depends on the price changes of the EUR/USD currency pair. Investors bear Vontobel's credit risk when investing in Vontobel's products.