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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: HerbVic who wrote (85196)	9/16/2009 3:43:24 PM
From: slacker711	Read Replies (1) \| Respond to of 213186

That's around a 15% increase in revenue and 35% increase in profit. That difference will diminish only as the growth curve flattens, which doesn't seem to be happening yet and probably wont for some time. The non-GAAP numbers are absolutely the right way to analyze Apple's valuation and shifting to that metric will inform many more investors just how much they are making off of the iPhone. However, the shift is also going to throw the spotlight on the rate of growth and that is likely to be far below the 15% revenue and 35% profit growth that you indicate. I just took a quick look and didnt find any non-GAAP estimates for this quarter, but I doubt that Apple will earn the $13.34 billion and $3.63 that would be necessary to maintain your projections. The problem for Apple is simple....while the iPhone is doing very well, neither the Mac nor the iPod businesses are growing. Slacker