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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen	1/13/2017 10:57:03 PM
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IPhone 8 Could Be Last Hurrah For Apple Smartphone Growth Apple ( AAPL) will benefit from pent-up demand for handset upgrades with the iPhone 8 later this year, but after that, growth in the business is unclear, Bernstein analyst Toni Sacconaghi told CNBC on Friday. "The smartphone is an increasingly mature product, and that's the preponderance of Apple's revenues and profits," he said. "For Apple to really grow meaningfully again, it's going to have to find new things beyond the phone, and that's a big question mark." Sacconaghi's remarks come two days after Silicon Valley investor Peter Thiel agreed with the notion that "the age of Apple is over." There's not much major innovation to be had in smartphones anymore, he said in an interview with the New York Times. Apple is never going to grow as fast as it once did because it has hit the law of large numbers, Sacconaghi said. "Apple's best days are behind it – there's no doubt about it," he said. investors.com

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