"Analyzing Apple's Ongoing Struggles and Potential Investment Opportunities"

Apple's stock has been underperforming due to concerns about its future growth prospects, including declining sales in China, regulatory pressures, and the shutdown of its car project. Despite strong financial results, the company's reliance on hardware sales and regulatory scrutiny have led to a justified selloff. However, the potential for innovation in AI presents a buying opportunity if executed well, with the author rating Apple as a Hold and a borderline Buy if its P/E ratio drops to the 24x range.