Why can Apple still rise? You'll understand after looking at this set of data.

Recently, the market has been a bit chaotic, but Apple’s stock price remains as stable as a rock—this alone indicates a problem.

**Why are we optimistic about Apple? Three reasons:**

1. **AI Cost Crushing Competitors** - Nvidia spent hundreds of billions on GPUs, while Apple only spent 12 billion on designing its own chips. With Apple Intelligence achieving such high AI efficiency, the new iPhone cycle is sure to take off.

2. **Service businesses are the real cash cows** - App Store, iCloud, and Apple Music may seem like small businesses, but their profit margins are outrageously high and could account for 50% of total revenue in the future. This is Apple's cash cow.

3. **Cash Reserves + Buyback Double Kill** - Holding $55 billion in cash, this year alone has burned $100 billion in buybacks. Shareholder returns are definitely stable.

**Data Speaks** - In the past 5 years, Apple has surpassed analyst expectations 19 times in 20 quarters. This is not luck, it's strength.

Currently, Zacks has a rating of Hold, but if you ask me, Apple’s recent performance driven by vertical integration + service ecosystem + cost advantages still has potential in the long term.