Could Apple reach $960? Possible. I don't mean to say that PE will rise by 60% as I am not a fortune-teller but for revenue and profit to rise by 60%, why not? Before we go about why it can reach $960, let's examine its growth driver in the past 4 years.
Fig 1 Revenue by Segment
A quick glance and every single figure is increasing year on year other than ipod. Mac sales increases by around 25% yearly as a result of perhaps brand loyalty coming from iphone and ipad. Ipod is on a downtrend due to the redundancy in having a iphone and ipod at the same time. Most other figures contribute insignificantly to its overall growth. It can be easily seen that the main reason for its revenue growth comes from iphone and ipad. Since 2008, iphone has been doubling yearly and has been the lead driver ...
