Here's Why the Best Is Yet to Come for Apple Inc.

Here's Why the Best Is Yet to Come for Apple Inc.

Apple (NASDAQ: AAPL) may have a long range problem if emerging technology supplants the iPhone, but in the short term, the company has nothing to worry about.

Since the first quarter of 2012, the company's smartphone has accounted for more than half of its total revenue. That number jumps nearly into the 70% range early in the life cycle of a new model.

With iPhone 8 being introduced on September 12, Apple is poised for a strong close to the year. Exactly when those sales will come depend upon the available supply for the new phone, especially the rumored high-end model, but supply will likely catch up with demand before the year ends.

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Source: Fool.com