iPhone shipments post slowest-ever growth: report

[dawg]

17. Apple's stock is now priced as if their sales will never grow again.

During the heyday of Apple growth, investors bid shares up to unrealistically high levels. Now, the opposite is taking place.

Apple is a great investment opportunity right now.

Obviously they won't be able to corner the entire market for smart phones, nor will they continue to grow profits at double digits indefinitely. But priced at only 10 times earnings, they don't need to.

If Apple were guaranteed never to grow again, never to release a new groundbreaking product, and doomed to steadily falling sales and margins, it would still be worth considering as an investment at this point. After all, millions of Microsoft investors are ponying up their money for that exact same deal.

If Apple were to actually grow or innovate again, it would just be gravy for someone jumping in at this point.

And, did you know this? Apple's share of the smartphone market is actually still increasing. The ecosystem is "sticky". Most iPhone users are too invested in Apple apps and iTunes files to switch.