Apple Q1: The Growth Engine Is Running Out Of Steam (NASDAQ:AAPL)

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Apple Store and customers in IFC shopping mall, Hongkong

Nikada

Introduction

Back in early January this year, I issued a rather bearish article on Apple Inc. (NASDAQ:AAPL) outlining a clear disconnect between the price and value. At P/CF of ~29x, one should expect attractive prospects for further value creation



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