The article was written by Dmitry Podretskiy, a Financial Analyst at I Know First.
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Apple made $18 billion in profit that quarter, more than any company had in corporate history. With so much growth over the past year, investors understandably might believe that the company has saturated the smartphone market and does not have much room left to grow. They are wrong, however, as Apple’s stock price will continue to rise in 2015. Continued success with the iPhone, a revamped iPad strategy and new products offer plenty of room for growth, while the stock is actually still priced relatively cheaply.
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