Is Another Apple Streak About to Die?
After 10 years of year-over-year quarterly earnings growth, Apple proved mortal in its latest quarter. Profitability declined for the first time since 2013.
The next growth streak to come to an end may be Apple's top line. The consumer tech giant's guidance calls for revenue during the current fiscal third quarter to clock in between $33.5 billion and $35.5 billion. We would be looking at $34.5 billion at the midpoint of that range, and that's less than the $35 billion that it rang up a year earlier.
Yes, Apple routinely offers up conservative guidance that it can beat, but in this video longtime Fool contributor Rick Munarriz discusses how Apple may have a hard time keeping its revenue growth going.
It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks?" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged by the five kings of tech. Click here to keep reading.
The article Is Another Apple Streak About to Die? originally appeared on Fool.com.Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.