The Delta variant isn't making it easy for the team at Goldman Sachs to cover Apple.
There's little question that Apple (NASDAQ: AAPL) has secured a place in business history. The success of the iPod, iPhone, iPad, and Mac computers, along with the company's growing ecosystem of services, has catapulted Apple into the annals of tech superstardom and driven its market cap to nearly $2.5 trillion, the highest of any publicly traded U.S. company. With the smartphone market nearing saturation, newer models and upgrades will only take Apple so far.
Recessions have several causes, but one stands out in particular right now. According to the National Bureau of Economic Research, a recession can be caused by an overheating economy where demand outstrips supply, causing price inflation. Although we are just rebounding from a recession caused by the pandemic, the economy can go into another recession not long after.