It all depends on the iPhone.
Apple (NASDAQ:AAPL) has been one of the most impressive
growth stories in a generation. Over the past decade, the company fundamentally
redefined the smartphone, reinvented the tablet PC, and built a sprawling
hardware and software ecosystem that has allowed it to generate huge revenue
and profit growth for its shareholders.
While that's great for investors who got in on the Apple
story earlier on, the question that prospective investors are going to want to
know the answer to is, are Apple's growth days over?
I think the answer is no. Here's why.
Understanding Apple's business today
The key to evaluating Apple's growth prospects is to
understand where Apple's revenue currently comes from. During fiscal 2017, the
company generated $229.23 billion in net revenue. Here's a look at each of
Apple's reporting segments and the percentage of the company's revenue that
each segment brought in. Continue reading …
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