The following video is part of our “Motley Fool Conversations” series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world. John and David have talked a lot about Apple (Nasdaq: APPL) in recent months.
Today, they discuss three additional reasons why the stock is worth buying today. First, the iPhone5 is most likely on its way. Each upgrade cycle has pushed unit sales higher. In fact, the iPhone franchise generates more revenue per quarter, on average, than Microsoft‘s (Nasdaq: MSFT) entire business. Second, retina display investments are starting to pay off as the technology is spreading through its product line and paving the way for AppleTV.
What innovations have Dell or Hewlett-Packard come up with recently?
Finally, it appears that there is a smaller iPad in the works. It’s a good thing Amazon.com (Nasdaq: AMZN) is revamping its Kindle Fire because Apple is going to keep investing in incremental tablet options to keep the competition at bay. If a company is consistently growing earnings at 15%, it could possibly trade for a multiple of 20 times earnings. That could put Apple at US$1,080 per share, or worth more than US$1 trillion in market cap, by 2013. Those are very attractive potential returns.
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The Motley Fool‘s purpose is to help the world invest, better. Take Stock is The Motley Fool’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. Click here now to request your free subscription, whilst it’s still available. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
A version of this article, written by John Reeves & David Meier, originally appeared on fool.com
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