Apple's earnings top estimates: YOLO or FOMO?
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"Apple’s cash flow also makes the stock a safe haven during times of m...
"Apple’s cash flow also makes the stock a safe haven during times of market uncertainty."
It means that $Apple(AAPL.US)$ may have unusual ups and downs that are unrelated to the performance of the company itself as money goes there as a safe harbor and comes out when investors feel more emboldened.
So when they were fleeing other tech growth stocks in late 2021 Apple got a big boost. If tech growth starts to feel safer again Apple may see some selling off even if they are doing everything right.
If the market crashes, so will Apple. However, money may flow back more quickly into it as investors look for bargains, knowing that Apple is pretty solid and can weather such storms.
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