Apple's Earnings Smasher: No Room For Bearishness
Apple delivered flawless fiscal second quarter results across its product portfolio and geographical segments.The earnings smasher was further enabled by easy comps and lingering stay-at-home tailwinds.Apple is approaching all-time highs. But, due to substantially higher 2021 projected EPS, I estimate that P/E has dipped to pre-pandemic levels.iPhone growth of 66%, supported primarily by the strong performance of the Pro and Pro Max models;iPad growth of 79%, which compares favorably to Microsof