Source item

$AAPL up 4% does not reflect how good the guide was. In a vacuum, I would have expected the stock to be up closer to 10% on that guide. I believe the reason is investors are thinking about what's after this super cycle. The answer is growth will move back to 5-10%, but all of the goodness of growth over the past few quarters lays the groundwork for the next super cycle likely in three years. Yes, that's a long ways out, but it's a carrot on the horizon that's here to stay.