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2022-01-05

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Is Apple Stock's Next Stop $2 Trillion or $4 Trillion?<blockquote>苹果股票的下一站是2万亿美元还是4万亿美元？</blockquote>

Apple(NASDAQ:AAPL)kicked off the New Year with flair, becoming the first publicly traded company to

Is Apple Stock's Next Stop $2 Trillion or $4 Trillion?<blockquote>苹果股票的下一站是2万亿美元还是4万亿美元？</blockquote>

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{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":695358166,"tweetId":"695358166","gmtCreate":1641349702283,"gmtModify":1641349702283,"author":{"id":3584171793267416,"idStr":"3584171793267416","authorId":3584171793267416,"authorIdStr":"3584171793267416","name":"Thanu","avatar":"https://static.tigerbbs.com/eda817d475b26dab803017c14473cdab","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":1,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Good</body></html>","htmlText":"<html><head></head><body>Good</body></html>","text":"Good","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/695358166","repostId":1158741589,"repostType":4,"repost":{"id":"1158741589","kind":"news","pubTimestamp":1641348441,"share":"https://www.laohu8.com/m/news/1158741589?lang=zh_CN&edition=full","pubTime":"2022-01-05 10:07","market":"us","language":"en","title":"Is Apple Stock's Next Stop $2 Trillion or $4 Trillion?<blockquote>苹果股票的下一站是2万亿美元还是4万亿美元？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158741589","media":"Motley Fool","summary":"Apple(NASDAQ:AAPL)kicked off the New Year with flair, becoming the first publicly traded company to ","content":"<html><head></head><body>Apple(NASDAQ:AAPL)kicked off the New Year with flair, becoming the first publicly traded company to top $3 trillion in market capitalization on Monday. It&#39;s a big feat, and a big round number. What can the world&#39;s most valuable company do for an encore later in 2022?<blockquote><html><head></head><body>苹果（纳斯达克：AAPL）以flair开启了新的一年，周一成为第一家市值突破3万亿美元的上市公司。这是一个伟大的壮举，也是一个很大的整数。这家全球最有价值的公司能为2022年晚些时候的安可做些什么？</body></html></blockquote>Will the first company to hit $3 trillion become the first one to surpass $4 trillion? It&#39;s a logical choice, and inertia is certainly in its favor. However, it&#39;s just as easy to see Apple fall to $2 trillion -- especially if the market corrects after a year that was more than kind for the titans of tech while neglecting most of the smaller growth stocks.<blockquote>第一家冲击3万亿美元的公司会成为第一家突破4万亿美元的公司吗？这是一个合乎逻辑的选择，惯性当然对它有利。然而，很容易看到苹果跌至2万亿美元——特别是如果市场在对科技巨头有利的一年之后出现调整，而忽视了大多数规模较小的成长型股票。</blockquote>The battlefield is set. Will Apple fall to $2 trillion? Will it keep climbing to $4 trillion? The math is easy with Apple at $3 trillion, as it basically boils down to whether it will lose a third of its value or rise by a third of its value. Let&#39;s check with both camps.<blockquote>战场已定。苹果会跌至2万亿美元吗？它会继续攀升至4万亿美元吗？苹果的价值为3万亿美元，计算起来很简单，因为它基本上可以归结为它是会损失三分之一的价值还是会上涨三分之一的价值。让我们向两个阵营核实一下。</blockquote>The case for $2 trillion<blockquote>2万亿美元的案例</blockquote>The consumer tech tastemaker has been a wealth-altering investment over the years, but that doesn&#39;t mean that it only moves up. Apple has shed more than a third of its value five times over the past 16 years, averaging a major drawdown every three years. The last pullback was naturally two years ago, when the market initially tanked as a result of the COVID-19 crisis hitting the U.S., but Apple fared better than most growth stocks with a mere 35% decline at that point. The stock has more than tripled from the last drawdown 22 months ago, so one might even suggest that Apple is due for a swift correction.<blockquote>多年来，消费科技引领者一直是一项改变财富的投资，但这并不意味着它只会上涨。在过去的16年里，苹果已经五次缩水超过三分之一，平均每三年大幅缩水一次。上一次回调自然是在两年前，当时市场最初因新冠肺炎危机袭击美国而暴跌，但苹果的表现优于大多数成长型股票，当时仅下跌了35%。自22个月前上次下跌以来，该股已上涨两倍多，因此有人甚至可能认为苹果将迅速调整。</blockquote>Right now it&#39;s easy to be bullish on Apple. As big as the class act of Cupertino may be, it still managed to grow its net sales by 33% in fiscal 2021. However, just as the stock averages a drawdown every three years, it has seen a spike in sales once every three years when there&#39;s a major iPhone upgrade. Apple&#39;s top line saw double-digit growth in fiscal 2012, 2015, 2018, and 2021. The years between those pops all saw single-digit or sometimes even negative top-line growth. History looks set to repeat, as analysts see net sales climbing just 4% this year and 5% in fiscal 2023.<blockquote>现在很容易看好苹果。尽管库比蒂诺的集体诉讼规模可能很大，但该公司在2021财年的净销售额仍然增长了33%。然而，正如该股平均每三年下跌一次一样，当iPhone进行重大升级时，其销量每三年就会飙升一次。苹果的营收在2012、2015、2018和2021财年实现了两位数增长。在这两次流行之间的几年里，营收增长都是个位数，有时甚至是负增长。历史似乎即将重演，分析师预计今年净销售额仅增长4%，2023财年仅增长5%。</blockquote>Another thing about the iPhone -- clearly the primary driver here at 52% of the $365.8 billion in sales Apple posted for all of fiscal 2021 -- is that it&#39;s not growing market share. This continues to be an Android world for the masses, and that&#39;s not expected to change anytime soon.<blockquote>iPhone的另一件事是它的市场份额并没有增长——显然是苹果2021财年3658亿美元销售额的52%——显然是主要驱动力。对于大众来说，这仍然是一个Android世界，预计这种情况不会很快改变。</blockquote>The iPhone&#39;s market share peaked nine years ago. It&#39;s been sliding outside of the short-lived spikes, with Android growing at the expense of Apple&#39;s iOS. Here&#39;s the percentage of worldwide smartphone shipments that are expected to be iPhones in the coming years, according to industry tracker IDC:<blockquote>iPhone的市场份额在九年前达到顶峰。随着Android的增长以牺牲苹果的iOS为代价，它一直在滑出短暂的高峰。根据行业跟踪机构IDC的数据，以下是未来几年iPhone预计占全球智能手机出货量的百分比：</blockquote><ul><li>2021 -- 16.2%</li><li>2022 -- 15.9%</li><li>2023 -- 15.6%</li><li>2024 -- 15.3%</li><li>2025 -- 15.1%</li></ul>The iPhone may have the high-end market cornered, and the new M1-powered Macs look pretty sweet. However, these are premium products. If the economy buckles -- and you know that&#39;s a very realistic scenario right now -- Apple could easily give back a third of the monster gains it has garnered over the past two years.<blockquote><ul><li>2021--16.2%</li><li>2022--15.9%</li><li>2023--15.6%</li><li>2024--15.3%</li><li>2025--15.1%</li></ul>iPhone可能会垄断高端市场，而新的M1驱动的MAC看起来相当不错。然而，这些都是优质产品。如果经济崩溃——你知道这是目前非常现实的情况——苹果可以很容易地收回过去两年获得的巨额收益的三分之一。</blockquote>The case for $4 trillion<blockquote>4万亿美元的案例</blockquote>Apple stock isn&#39;t exactly cheap, and at 33 times trailing earnings it&#39;s a rich price for a stock that musters double-digit growth just once every three years. However, there&#39;s something to be said about essentially cornering the market for people willing to pay a premium for phones, tablets, and computers.<blockquote>苹果的股票并不便宜，其往绩市盈率为33倍，对于一只每三年才出现两位数增长的股票来说，这是一个很高的价格。然而，对于愿意为手机、平板电脑和电脑支付高价的人来说，这基本上是垄断了市场。</blockquote>Apple&#39;s ability to command a healthy mark-up on its products makes it special, and that&#39;s before we consider the high-margin power of its services segment, which now accounts for nearly a fifth of its revenue. Apple may be at $3 trillion for the time being, but the company itself has never been as potent as it is right now.<blockquote>苹果对其产品进行健康加价的能力使其与众不同，这是在我们考虑其服务部门的高利润能力之前，该部门目前占其收入的近五分之一。苹果目前可能达到3万亿美元，但该公司本身从未像现在这样强大。</blockquote>What if this isn&#39;t the peak? What if the mobile5G revolution extends the upgrade cycle? Apple has routinely defined markets -- for everything from tablets to smartphones to smartwatches -- where others have fallen short. Do you really think an Apple car wouldn&#39;t sell briskly if it ever came out? Apple is unique in that it succeeds far more than it fails when it thinks outside the box. It&#39;s true that the stock&#39;s valuation isn&#39;t for the timid, and it&#39;s not as if its 0.5% yield is wooing income investors. However, Apple finds a way to make magic happen. Hitting $4 trillion would be just the next trick for tech&#39;s ultimate magician that can always read your mind. It&#39;s a gift that you don&#39;t want to be against.<blockquote>如果这不是高峰呢？如果mobile5G革命延长了升级周期怎么办？苹果经常定义市场——从平板电脑到智能手机再到智能手表的所有产品——而其他公司却做不到这一点。你真的认为苹果汽车一旦上市就不会畅销吗？苹果的独特之处在于，当它跳出框框思考时，它的成功远远多于失败。确实，该股的估值不适合胆小的人，而且其0.5%的收益率也没有吸引收益投资者。然而，苹果找到了一种让奇迹发生的方法。对于总能读懂你心思的科技终极魔术师来说，达到4万亿美元将是下一个魔术。这是一份你不想反对的礼物。</blockquote></body></html><blockquote></blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Apple Stock's Next Stop $2 Trillion or $4 Trillion?<blockquote>苹果股票的下一站是2万亿美元还是4万亿美元？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Apple Stock's Next Stop $2 Trillion or $4 Trillion?<blockquote>苹果股票的下一站是2万亿美元还是4万亿美元？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2022-01-05 10:07\n\n</h4>\n</header>\n<article>\n<html><head></head><body>Apple(NASDAQ:AAPL)kicked off the New Year with flair, becoming the first publicly traded company to top $3 trillion in market capitalization on Monday. It&#39;s a big feat, and a big round number. What can the world&#39;s most valuable company do for an encore later in 2022?<blockquote><html><head></head><body>苹果（纳斯达克：AAPL）以flair开启了新的一年，周一成为第一家市值突破3万亿美元的上市公司。这是一个伟大的壮举，也是一个很大的整数。这家全球最有价值的公司能为2022年晚些时候的安可做些什么？</body></html></blockquote>Will the first company to hit $3 trillion become the first one to surpass $4 trillion? It&#39;s a logical choice, and inertia is certainly in its favor. However, it&#39;s just as easy to see Apple fall to $2 trillion -- especially if the market corrects after a year that was more than kind for the titans of tech while neglecting most of the smaller growth stocks.<blockquote>第一家冲击3万亿美元的公司会成为第一家突破4万亿美元的公司吗？这是一个合乎逻辑的选择，惯性当然对它有利。然而，很容易看到苹果跌至2万亿美元——特别是如果市场在对科技巨头有利的一年之后出现调整，而忽视了大多数规模较小的成长型股票。</blockquote>The battlefield is set. Will Apple fall to $2 trillion? Will it keep climbing to $4 trillion? The math is easy with Apple at $3 trillion, as it basically boils down to whether it will lose a third of its value or rise by a third of its value. Let&#39;s check with both camps.<blockquote>战场已定。苹果会跌至2万亿美元吗？它会继续攀升至4万亿美元吗？苹果的价值为3万亿美元，计算起来很简单，因为它基本上可以归结为它是会损失三分之一的价值还是会上涨三分之一的价值。让我们向两个阵营核实一下。</blockquote>The case for $2 trillion<blockquote>2万亿美元的案例</blockquote>The consumer tech tastemaker has been a wealth-altering investment over the years, but that doesn&#39;t mean that it only moves up. Apple has shed more than a third of its value five times over the past 16 years, averaging a major drawdown every three years. The last pullback was naturally two years ago, when the market initially tanked as a result of the COVID-19 crisis hitting the U.S., but Apple fared better than most growth stocks with a mere 35% decline at that point. The stock has more than tripled from the last drawdown 22 months ago, so one might even suggest that Apple is due for a swift correction.<blockquote>多年来，消费科技引领者一直是一项改变财富的投资，但这并不意味着它只会上涨。在过去的16年里，苹果已经五次缩水超过三分之一，平均每三年大幅缩水一次。上一次回调自然是在两年前，当时市场最初因新冠肺炎危机袭击美国而暴跌，但苹果的表现优于大多数成长型股票，当时仅下跌了35%。自22个月前上次下跌以来，该股已上涨两倍多，因此有人甚至可能认为苹果将迅速调整。</blockquote>Right now it&#39;s easy to be bullish on Apple. As big as the class act of Cupertino may be, it still managed to grow its net sales by 33% in fiscal 2021. However, just as the stock averages a drawdown every three years, it has seen a spike in sales once every three years when there&#39;s a major iPhone upgrade. Apple&#39;s top line saw double-digit growth in fiscal 2012, 2015, 2018, and 2021. The years between those pops all saw single-digit or sometimes even negative top-line growth. History looks set to repeat, as analysts see net sales climbing just 4% this year and 5% in fiscal 2023.<blockquote>现在很容易看好苹果。尽管库比蒂诺的集体诉讼规模可能很大，但该公司在2021财年的净销售额仍然增长了33%。然而，正如该股平均每三年下跌一次一样，当iPhone进行重大升级时，其销量每三年就会飙升一次。苹果的营收在2012、2015、2018和2021财年实现了两位数增长。在这两次流行之间的几年里，营收增长都是个位数，有时甚至是负增长。历史似乎即将重演，分析师预计今年净销售额仅增长4%，2023财年仅增长5%。</blockquote>Another thing about the iPhone -- clearly the primary driver here at 52% of the $365.8 billion in sales Apple posted for all of fiscal 2021 -- is that it&#39;s not growing market share. This continues to be an Android world for the masses, and that&#39;s not expected to change anytime soon.<blockquote>iPhone的另一件事是它的市场份额并没有增长——显然是苹果2021财年3658亿美元销售额的52%——显然是主要驱动力。对于大众来说，这仍然是一个Android世界，预计这种情况不会很快改变。</blockquote>The iPhone&#39;s market share peaked nine years ago. It&#39;s been sliding outside of the short-lived spikes, with Android growing at the expense of Apple&#39;s iOS. Here&#39;s the percentage of worldwide smartphone shipments that are expected to be iPhones in the coming years, according to industry tracker IDC:<blockquote>iPhone的市场份额在九年前达到顶峰。随着Android的增长以牺牲苹果的iOS为代价，它一直在滑出短暂的高峰。根据行业跟踪机构IDC的数据，以下是未来几年iPhone预计占全球智能手机出货量的百分比：</blockquote><ul><li>2021 -- 16.2%</li><li>2022 -- 15.9%</li><li>2023 -- 15.6%</li><li>2024 -- 15.3%</li><li>2025 -- 15.1%</li></ul>The iPhone may have the high-end market cornered, and the new M1-powered Macs look pretty sweet. However, these are premium products. If the economy buckles -- and you know that&#39;s a very realistic scenario right now -- Apple could easily give back a third of the monster gains it has garnered over the past two years.<blockquote><ul><li>2021--16.2%</li><li>2022--15.9%</li><li>2023--15.6%</li><li>2024--15.3%</li><li>2025--15.1%</li></ul>iPhone可能会垄断高端市场，而新的M1驱动的MAC看起来相当不错。然而，这些都是优质产品。如果经济崩溃——你知道这是目前非常现实的情况——苹果可以很容易地收回过去两年获得的巨额收益的三分之一。</blockquote>The case for $4 trillion<blockquote>4万亿美元的案例</blockquote>Apple stock isn&#39;t exactly cheap, and at 33 times trailing earnings it&#39;s a rich price for a stock that musters double-digit growth just once every three years. However, there&#39;s something to be said about essentially cornering the market for people willing to pay a premium for phones, tablets, and computers.<blockquote>苹果的股票并不便宜，其往绩市盈率为33倍，对于一只每三年才出现两位数增长的股票来说，这是一个很高的价格。然而，对于愿意为手机、平板电脑和电脑支付高价的人来说，这基本上是垄断了市场。</blockquote>Apple&#39;s ability to command a healthy mark-up on its products makes it special, and that&#39;s before we consider the high-margin power of its services segment, which now accounts for nearly a fifth of its revenue. Apple may be at $3 trillion for the time being, but the company itself has never been as potent as it is right now.<blockquote>苹果对其产品进行健康加价的能力使其与众不同，这是在我们考虑其服务部门的高利润能力之前，该部门目前占其收入的近五分之一。苹果目前可能达到3万亿美元，但该公司本身从未像现在这样强大。</blockquote>What if this isn&#39;t the peak? What if the mobile5G revolution extends the upgrade cycle? Apple has routinely defined markets -- for everything from tablets to smartphones to smartwatches -- where others have fallen short. Do you really think an Apple car wouldn&#39;t sell briskly if it ever came out? Apple is unique in that it succeeds far more than it fails when it thinks outside the box. It&#39;s true that the stock&#39;s valuation isn&#39;t for the timid, and it&#39;s not as if its 0.5% yield is wooing income investors. However, Apple finds a way to make magic happen. Hitting $4 trillion would be just the next trick for tech&#39;s ultimate magician that can always read your mind. It&#39;s a gift that you don&#39;t want to be against.<blockquote>如果这不是高峰呢？如果mobile5G革命延长了升级周期怎么办？苹果经常定义市场——从平板电脑到智能手机再到智能手表的所有产品——而其他公司却做不到这一点。你真的认为苹果汽车一旦上市就不会畅销吗？苹果的独特之处在于，当它跳出框框思考时，它的成功远远多于失败。确实，该股的估值不适合胆小的人，而且其0.5%的收益率也没有吸引收益投资者。然而，苹果找到了一种让奇迹发生的方法。对于总能读懂你心思的科技终极魔术师来说，达到4万亿美元将是下一个魔术。这是一份你不想反对的礼物。</blockquote></body></html><blockquote></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2022/01/04/is-apple-stocks-next-stop-2-trillion-or-4-trillion/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.fool.com/investing/2022/01/04/is-apple-stocks-next-stop-2-trillion-or-4-trillion/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158741589","content_text":"Apple(NASDAQ:AAPL)kicked off the New Year with flair, becoming the first publicly traded company to top $3 trillion in market capitalization on Monday. It's a big feat, and a big round number. What can the world's most valuable company do for an encore later in 2022?Will the first company to hit $3 trillion become the first one to surpass $4 trillion? It's a logical choice, and inertia is certainly in its favor. However, it's just as easy to see Apple fall to $2 trillion -- especially if the market corrects after a year that was more than kind for the titans of tech while neglecting most of the smaller growth stocks.The battlefield is set. Will Apple fall to $2 trillion? Will it keep climbing to $4 trillion? The math is easy with Apple at $3 trillion, as it basically boils down to whether it will lose a third of its value or rise by a third of its value. Let's check with both camps.The case for $2 trillionThe consumer tech tastemaker has been a wealth-altering investment over the years, but that doesn't mean that it only moves up. Apple has shed more than a third of its value five times over the past 16 years, averaging a major drawdown every three years. The last pullback was naturally two years ago, when the market initially tanked as a result of the COVID-19 crisis hitting the U.S., but Apple fared better than most growth stocks with a mere 35% decline at that point. The stock has more than tripled from the last drawdown 22 months ago, so one might even suggest that Apple is due for a swift correction.Right now it's easy to be bullish on Apple. As big as the class act of Cupertino may be, it still managed to grow its net sales by 33% in fiscal 2021. However, just as the stock averages a drawdown every three years, it has seen a spike in sales once every three years when there's a major iPhone upgrade. Apple's top line saw double-digit growth in fiscal 2012, 2015, 2018, and 2021. The years between those pops all saw single-digit or sometimes even negative top-line growth. History looks set to repeat, as analysts see net sales climbing just 4% this year and 5% in fiscal 2023.Another thing about the iPhone -- clearly the primary driver here at 52% of the $365.8 billion in sales Apple posted for all of fiscal 2021 -- is that it's not growing market share. This continues to be an Android world for the masses, and that's not expected to change anytime soon.The iPhone's market share peaked nine years ago. It's been sliding outside of the short-lived spikes, with Android growing at the expense of Apple's iOS. Here's the percentage of worldwide smartphone shipments that are expected to be iPhones in the coming years, according to industry tracker IDC:2021 -- 16.2%2022 -- 15.9%2023 -- 15.6%2024 -- 15.3%2025 -- 15.1%The iPhone may have the high-end market cornered, and the new M1-powered Macs look pretty sweet. However, these are premium products. If the economy buckles -- and you know that's a very realistic scenario right now -- Apple could easily give back a third of the monster gains it has garnered over the past two years.The case for $4 trillionApple stock isn't exactly cheap, and at 33 times trailing earnings it's a rich price for a stock that musters double-digit growth just once every three years. However, there's something to be said about essentially cornering the market for people willing to pay a premium for phones, tablets, and computers.Apple's ability to command a healthy mark-up on its products makes it special, and that's before we consider the high-margin power of its services segment, which now accounts for nearly a fifth of its revenue. Apple may be at $3 trillion for the time being, but the company itself has never been as potent as it is right now.What if this isn't the peak? What if the mobile5G revolution extends the upgrade cycle? Apple has routinely defined markets -- for everything from tablets to smartphones to smartwatches -- where others have fallen short. Do you really think an Apple car wouldn't sell briskly if it ever came out? Apple is unique in that it succeeds far more than it fails when it thinks outside the box. It's true that the stock's valuation isn't for the timid, and it's not as if its 0.5% yield is wooing income investors. However, Apple finds a way to make magic happen. Hitting $4 trillion would be just the next trick for tech's ultimate magician that can always read your mind. It's a gift that you don't want to be against.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2927,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}