Matthew Waterman
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Matthew Waterman in Brand Power,

Apple Profits Up 31%, Stock Market Seems Uninterested

Apple (AAPL) stock price remains virtually unchanged after hours, even though the company is reporting a growth in earnings per share of $1.96. and an increase in profits of 31%. Overall sales revenues increased to $51.5 billion. 

The current stock price seems to reflect the belief that the best of Apple's growth days have been seen at this point, as the company now carries a trailing P/E ratio of only slightly better than 13. That makes this company a good value investment, especially with the great dividend growth. The current yield of 1.75% is not spectacular, but the payment has been increasing about 10% year over year.

The stock closed at $114.55 today.