“The company says it’s sold over 365 million digital devices over the last five years — 50 million last quarter alone — and is currently averaging nearly $4 billion in monthly profit,” Gustin writes. “It has amassed $110 billion in cash. Most insanely, this could just be the beginning: Apple is exceedingly well-positioned to take advantage of several major trends in the new digital economy.”
Gustin writes, “Investors have good, fundamental reasons to be bullish about Apple — Wall Street naysayers (such as they are) notwithstanding. The company has helped define the hottest tech category — the smartphone; it’s opened the door to widespread adoption of the tablet market — with the iPad. And it’s done this, all while buoyed — and perfectly set up — for the most important economic and financial secular change of the new millennium: the emergence of the nascent, middle-class Asian consumer, fueled by rising economic growth and standards of living.”
Read more in the full article here.
MacDailyNews Take: Just a couple of corrections: Apple is building one of the most stunning financial runs in history. Period. Apple did not “help to define” the smartphone. Apple defined the smartphone. Period.
Otherwise, nice article. Recommended.
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