“During the past few months, many Apple investors apparently panicked about everything from the slowing Chinese economy to smartphone market saturation to tough comparisons after Apple’s record-setting 2015 fiscal year,” Adam Levine-Weinberg writes for The Motley Fool. “The stock has been mired in a range roughly 10%-20% below its 52-week high for the past several months.”
“These fears seemed to be unfounded all along,” Levine-Weinberg writes. “However, Apple just provided one more piece of evidence that all is well at the tech giant. The company delivered strong earnings growth in the fourth quarter of its 2015 fiscal year, and projected solid growth for Q1 2016.”
“As has been the norm for the past couple of years, Apple comfortably beat both its own guidance and analysts’ expectations in Q4,” Levine-Weinberg writes. “Apple also projected that it will generate $75.5 billion-$77.5 billion in revenue during Q1. That would be up 1%-4% from $74.6 billion in Q1 2015, when sales surged nearly 30% year over year… It’s important to distinguish any individual quarter’s results from broader trends. Apple is likely to roll out another big upgrade to the iPhone — presumably the iPhone 7 — in late 2016. That should drive another wave of faster growth at Apple.”
Read more in the full article here.
MacDailyNews Take: If you could burn the faux “concern” ginned up on Wall Street over Apple, you could power the planet for at least a decade.
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