“To be sure, investors have grown fearful that Apple’s magic won’t last — so fearful that they knocked the stock down to $450 from $705 last September, erasing $239 billion from the company’s market value,” Doherty writes. “But before pronouncing the creator of iPods, iPhones, and iPads a has-been, or even just an ordinary company, let’s pause to acknowledge its triumph over a tough crowd of competitors in landing at the top of our list.”
MacDailyNews Take: Apple’ stock has risen from a low of 387.97 on Apr 19, 2013 to close at $449.98 on Friday, May 3rd. In pre-market trading today, AAPL is currently up another $6.36 to $456.34.
Doherty writes, “The iMaestro delivered a 44.6% bounce in revenue, to $157 billion, in the fiscal year ended in September 2012. Free cash flow totaled $42.7 billion, and the free-cash-flow yield, an impressive 27%. That’s a lotta gadgets. Apple’s outperformance owed to the momentum of its twin product families, with iPhone unit sales rising 73%, to 125 million units, and iPad unit sales up 80%, to 58 million; iPhones accounted for 51% of revenue, and iPads, 20%.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]