“Google took down all stocks Mobile on Thursday and Friday. CNBC had countless reports running that no one can make money in mobile,” Darcy Travlos writes for Forbes.
“Wrong,” Travlos writes. “Apple can.”
Travlos writes, “Apple has gross margins in excess of 40%, and 96% of Apple’s revenues are related to mobile. Concerns that the mobile market is “mature” are also overblown. Growth in tablets, mobile advertising, and smartphones continue to outpace overall economic or industry growth, making these growth sectors. Previous articles have detailed and quantified statistics to support a stock price for Apple of $1,000 over the next two years.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Arline M.” for the heads up.]