Apple Hits $500: Here's Why It's Still a Buy

In the following video, Motley Fool senior technology analyst Eric Bleeker breaks down why Apple is still a compelling buy at $500. Eric lays out the company's 2013 revenues and shows that how with just a few key opportunities like business spending, growth already seen last quarter, and Apple TV, the company is already on target to hit expectations that'd put it at just over 10 times 2013 earnings. Then if you throw in other outsized opportunities like international smartphone sales, Apple still has ample room to exceed its expected 69% growth rate between fiscal 2011 and 2013.

Apple's become a monster of a company, but if you're wondering just how big can it can get, there's plenty of opportunity still in front of it.

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Eric Bleeker owns shares of Cisco. The Motley Fool owns shares of Microsoft, Google, and Qualcomm. Motley Fool newsletter services have recommended buying shares of Microsoft and Google and creating a bull call spread position in Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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  • Report this Comment On February 13, 2012, at 10:19 PM, tkell31 wrote:

    Lol, and Apple is still a 3 star stock. It will be the first trillion dollar market cap company. It will almost have to get there with all the cash it is accumulating.

  • Report this Comment On February 14, 2012, at 10:54 AM, TMFCheesehead wrote:

    Awesome job Eric!

    Brian Stoffel

  • Report this Comment On February 14, 2012, at 2:16 PM, TMFRhino wrote:

    Thanks Brian!

  • Report this Comment On February 15, 2012, at 4:34 PM, jdwelch62 wrote:

    Great video, Eric! I'm really glad to see you starting to use that big monitor behind the desk for something more than just displaying the Motley Fool logo! Visuals such as you had in this case really help put a story in perspective. Keep it up!

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