posted by mark
on Thu, 04/28/2022 - 20:28
Lots of folks have been doubting the ability of Apple to continue on what has been a great growth trajectory. But, Apple has continued to defy those naysayers.
In 2016, the same doubt was expressed widely. This sediment was expressed through their P/E between 9.9 and 13.8. Anyone who bought them in 2016 and has held has achieved a phenomenal rate of return.
Apple didn't disappoint today either! One single metric, their GAAP earnings per share, for the first 2 periods of the 2022 fiscal year beat ALL FOUR periods of 2020. See the attached chart of their historical GAAP EPS from their 10K's and 10Q's since 2003. Now that is the definition of growth!
That is one shining Apple!
Be smart, be well-read, be aware and be successful.
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