Ah, I see. They have new launches lined up in 2024 so it makes sense now but felt counter-intuitive at first. I guess it's a good time to buy more
thanks for explaining so well. So it looks like a good thing for me. But what about apple? Is this a good move for them?
That’s a valid concern, however, in a broader sense valuations do matter and will continue to matter for individual securities.
You are right about the money flowing into passive funds and the appeal of individual stocks is subjective, but there are still many active investors out there.
This has been discussed before and many believe that if the majority of funds go into passive indices, the market will provide more opportunities for active investors