$Apple(AAPL)$ Apple’s ($Apple(AAPL)$) 2024 Worldwide Developers Conference (WWDC) is currently underway and all eyes rest on the company’s announcements to discern if new edges are being carved into its devices and services. There is ample good reason for this: as it stands, the company’s growth is showing signs of stagnation. Trend Analysis Relative to past full Financial Years (“FYs” which end in September), the first six months of the company’s current Financial Year might seem to some as being positive. If current trends continue, net sales would end about 10-20% above that seen in FY 2023. Cost of sales are expected to rise by a nearly commensurate amount, as so do both Net Income as well as diluted Earnings Per Share (EPS). This is a w
Maybe there’s a lot of investors thinking that Nvidia, at a $3T market cap is reaching a cap in terms of growth. It’s hard to grow that much more and harder to maintain it. I think it can but I have my doubts for sure. I didn’t expect it would get here this fast. This announcement gives them a reason to stay in the stock for another doubling o/wise many of us start thinking of protecting wealth. Like they say, it’s hard enough to get rich once. I don’t want to do it twice.