Apple Inc. (AAPL), And A Few Interesting Factoids

Another interesting factoid: The $44.24 a share that Wall Street sees Apple earning in fiscal 2014 is nearly flat with the $44.15 a share it earned two years earlier.

The silver lining in all of this is that Apple is cheap. The math on the multiples relative to its share price actually shifts in favor of the bullish camp if we back out Apple’s ample cash reserves. The rub is simply that we don’t know when Apple Inc. (NASDAQ:AAPL)’s gross margin will bottom out. The company has already braced investors for another quarter of declining gross margin.

Analyst targets have also yet to bottom out. However, it’s certainly possible that Apple stock did exactly that late last month. Apple Inc. (NASDAQ:AAPL) now just needs to give investors a catalyst to do more than simply bounce the stock higher.

The article Apple Stock: It Gets Worse originally appeared on Fool.com.

Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Apple and Google. The Motley Fool owns shares of Apple and Google.

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