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AAPL pre-earnings update!

posted Jul 24, 2011, 6:43 PM by Mohit Kumar
Our portfolio is heavily invested in the tech giant AAPL, which currently holds 4 positions at different prices, all being profitable!

After stagnating for few months, the stock took off again, hitting a 52 week high of $365. AAPL will be releasing its quarterly earnings on July 19th, and anxious members have been questioning if we need to take any action here? Is AAPL overvalued now?

While we do not care about the market reaction post-earnings, I would like to call out 4 reasons why I believe AAPL still has room for growth in years to come:
  • Its outright dominance in App world, and I expect this to continue
  • Global growth potential for iPhone
  • Blind faith of customers will continue to generate tremendous brand loyalty
  • A mountain of cash in its reserves to continue innovating
At the same time, I have 2 concerns too which we would need to keep an eye on:
  • Will Steve Job's successor make the transition seamless?
  • Will iPad upgrades be as attractive as has been the case for iPhones?
Nevertheless, for now, we continue to remain bullish on AAPL and look forward to more growth in years to come!

Our next recommendation is on the cards, stay tuned!

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