Is Apple Stock a Buy After Popping on Porsche Partnership Rumors?

Last Friday, $PORSCHE AUTO HL SE (POAHY.US)$ ’s CEO said that company managers had met with Apple last year to discuss possible joint ventures. He went even further, saying: “We already have $Apple (AAPL.US)$ CarPlay, we will expand on that.” Porsche may be a niche brand, but it is a leading EV maker. In 2021, the Porsche Taycan was the world’s eighth best-selling EV, despite an $81,000 base price. News that Porsche and Apple have been talking was enough to raise hopes that Apple is at the stage where it is actively looking for an experienced EV maker to partner with.
Regardless of what — if anything — comes out of Apple’s discussions with Porsche, the overall long-term growth prospects for AAPL stock appear pretty solid. Between new iPhones, the continued success of the company’s M1 chips and best-seller accessories like AirPods, Apple has momentum that’s unlikely to let up.
News about a potential partnership with Porsche are just about what could be one of the next huge growth drivers for the company.
$Mullen Automotive (MULN.US)$