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Market Sell-Off Sets Stage for Apple’s Rebound, Data Shows

  • Apple's valuation has dropped to a level that historically precedes strong stock recoveries.
  • Apple has fallen over 25% since the beginning of the year and roughly 23% since its last earnings report.
  • Historically, Apple tends to rebound strongly after its P/E ratio slips below 25.
  • Bank of America believes Apple is well-positioned to adapt and navigate near-term challenges while setting the stage for a longer-term recovery.

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