Frost's Mendez Sees More Upside for Apple's Stock

The transcript discusses analyst concerns about Apple's new iPhone launches and potential delays, as well as consumer spending ahead of a super cycle. It highlights Apple's stock performance, noting it trades at a discount to the S&P due to cyclicality and revenue growth challenges. The services business is growing, offering more predictable revenue. The Chinese market shows strong performance, but Hong Kong remains a challenge. Tim Cook mentions optimism about overcoming macroeconomic factors affecting Hong Kong.

What are the two biggest concerns investors may have had about Apple according to the text?

How does the stock of Apple compare to the S&P on an APE basis?

What percentage of overall revenues does the services business now make up?

What did Tim Cook say about the performance in the mainland China market?

What challenges did the business in Hong Kong face according to the text?