Stefan Wyler

Apple: On an Innovation Treadmill

hone is an entirely news business for Apple, so the growth there is way beyond 20% annually. Imagine iPhones margins and all that deferred revenue, sick. Plus there's Apple TV, another relatively new business for Apple. Macs have a 40-50% growth rate as well, above your projected 20% growth. It doesn't even need to "enter new markets"...