Why Apple’s Stock Could Be a Recession Safe Zone

The great recession of 2008 wiped out more than $2 trillion from the U.S. economy, but even as the stock market tanked, Apple still sold a record number of iPhones. Why? Well, it's because people prioritize what matters to them, and clearly, new iPhones are on that list, no matter the economic climate. Now, here we are in 2024, facing uncertain economic times again. But guess what? Apple is about to launch its first-ever AI-powered iPhone as soon as September 10, and I'm thinking they'll break sales records once again. And if Apple's new iPhone takes off the way I think it will, not only will Apple's stock likely climb, but we're also set to see Apple's "silent suppliers" — the tiny companies that provide critical components and technology — really take flight. That's why I've done the hard work to identify what I believe could be three of these "silent suppliers"... Get the info on them here. To Your Wealth, Luke Lango Senior Investment Analyst, InvestorPlace