If you’ve read my investment guide, The Stock Market Is For Everyone, you know my tortured history with Apple (NASDAQ: AAPL).
Fast forward 10 years, and the company now owns the greatest consumer product in history. No consumer product has generated more sales and been more profitable than the iPhone.
I know this might sound crazy, but I don’t think Apple is done growing.
In fact, they may very well be on the verge of creating something that’s as big, or maybe even bigger, than the iPhone.
Have you heard the story of how a woman’s life was saved because her Apple Watch sent her an alert of a pending heart attack? She went straight to the hospital, and averted a possible tragedy. I don’t know about you, but that made the Apple Watch a must-own item for me.
Yesterday, Apple hosted an annual event highlighting what’s new. They announced that the new version of the Apple Watch will have EKG functionality! That’s crazy!!!
It looks like Apple is at the beginning a pivot to transform itself into a medical device maker along with a technology company.
Just think: how many watches could Apple sell if health insurance covered it?
The global addressable market is in the trillions, and Apple will take a sizable share of this market.
So can Apple double from here? Absolutely!!!
The bigger question in my mind is: can it grow 10 times from here? The law of large numbers says no. However…I think the next 25 years are going to be amazing for investors, and we will see valuations you never thought we’d see!