In its recently ended third quarter, Apple reported 40% growth in EPS on a revenue jump of 17%. Commenting on the results CEO Tim Cook said, “We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth.”
The tech mogul is now expected to make some exciting announcements like the introduction of iPhone 9, Apple Watch Series 4 and MacBook Air in its September 2018 event. Meanwhile, Apple’s Services segment, which consists of iTunes, Apple Pay, iCloud, and App Store, Apple Augment Reality (AR) glasses, and Apple Car is believed to be the growth engines for the tech giant in the future.
Almost all the analysts who are covering Apple, rates the stock as “Strong Buy or Buy or Hold”. It’s also worth noting the increasing stake of Warren Buffett’s Berkshire Hathaway (BRK.A) in Apple shares. Currently, Berkshire holds 252 million shares of Apple. However, trade war tensions, higher debt, and some patent lawsuits are expected to trouble the tech giant in the near future.
That said, Apple has got more pros than cons and who knows, the stock which doubled its market cap to $1 trillion in five and half years, might become a $2 trillion company in a decade.