Although Apple has fared better than big tech peers such as Amazon (NASDAQ:AMZN), Meta (NASDAQ:META), and Alphabet (NASDAQ:GOOG), it does face multiple headwinds. Firstly, there are concerns about demand for consumer electronics products, with the Covid-19 work-from-home tailwinds easing and the economic picture looking challenging, amid high inflation and rising rates. Apple’s financials have typically proved quite resilient even through economic downturns, given the company’s ecosystem lock-in, the high desirability of its products, and the ability to upsell to existing customers.