One of the more magnificent of the Magnificent Seven stocks in the hearts of many investors is (NASDAQ: AAPL). They keep their positions in the tech giant on hopes of further growth from its selection of appealing devices, and the company's ever-widening software ecosystem.

More than a few analysts tracking the stock believe in the company's future too. One of them recently reiterated his view that the shares could appreciate by 30%. Even for Apple, however, that's a chunky growth rate. Is it realistically achievable?

Following an update from Apple on the performance of its App Store, Evercore ISI's Amit Daryanani felt compelled to publish a fresh research note on the company.

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Source Fool.com