Apple Inc. (AAPL): You Really Thought It Would Keep Growing Forever?

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The bad news is out there. You’ve read it, you’ve secretly enjoyed it (there is something satisfying about the way the wheel of fortune spins). But let’s get serious here. Apple Inc. (NASDAQ:AAPL) is a vast business. It throws off billions of dollars. More of that money is finding its way into shareholders’ pockets, through buybacks and dividends. Yes, iPhone 5 was a squib, but there’s always iPhone 6. And, yes, it may struggle to deliver that exciting new product category. But it is still the company to beat, while Samsung remains the cut-price upstart. The Chinese might think Apple is arrogant, but they can’t get enough of its iPads. Despite the profits drop, Apple is shifting more iMacs, iPhones, and iPads than ever. Better still, you can buy it at nine times its (massive) earnings and pocket a 3% yield, with more to follow. This isn’t the growth monster of yore, but an established company in the throes of transforming itself into an income machine. Maybe that’s what the “i” stood for all along.

The article So You Thought Apple Would Keep Growing Forever? originally appeared on Fool.com.

Harvey Jones has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple.

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