“Apple will have its first year-over-year sales decline this quarter. Looking yet one quarter further, the bearish tone turns yet more cacophonous, with seemingly limitless reports of suppliers cutting production,” Ophir Gottlieb and Jason Hitchings write for Capital Market Laboratories. “Here’s the thing though, a stock price isn’t based on the next two quarters – it’s focused on free cash flow into perpetuity.”
“Apple’s net income towers above every other technology firm, and even Alphabet pales in comparison,” Gottlieb and Hitchings write. “But, that’s all in the past – here is the future, and it’s quite bright for Apple, regardless of the bearish narrative. ”
“Apple has been pouring money into research and development,” Gottlieb and Hitchings write. “Apple spans almost all of technology’s transformative themes and looking one to two quarters in the future is not how to find a proper investment.”
Read much more, and check out all of the stunning charts, in the full article here.
MacDailyNews Take: Apple’s future has never been brighter!
[Thanks to MacDailyNews Readers “Rainy Day” and “Mac95” for the heads up.]