Apple is not longer a growth company, as sales are projected to increase at around 7% annually over the coming years. But the prospects of cutting SG&A and R&D expenses to levels seen in previous years has the potential to boost the company's bottom line by over 10% a year. This factor is the main reason why I have a bullish stance on the company's long term prospects, and I am long on Apple stock.
Apple: Cost Cutting Can Significantly Boost Market Cap (Rating Upgrade)