Apple’s revenue grew 12.8% last year versus a 6.8% five-year CAGR and 5.4% three-year trend, while its 30.4 P/E and 8.2 P/S ratios hover near decade highs, pricing in ongoing acceleration. WWDC June 8–12 will introduce Gemini and Anthropic AI features in iOS 27 across 2.5 billion devices.
Apple delivered 12.8% revenue growth last fiscal year, driven largely by the AI-powered iPhone 17 upgrade cycle. This surge contrasts with a five-year CAGR of 6.8% and a three-year CAGR of 5.4%, highlighting tension between episodic product cycles and a maturing hardware business.
The stock trades at a 30.4 trailing P/E and an 8.2 P/S multiple, with price-to-sales nearing its 10-year high of 9.5. These elevated ratios suggest the market expects sustained acceleration, but a return to mid-single-digit growth could trigger a re-rating despite ongoing profitability.
WWDC runs June 8–12, marking the last major event before a CEO transition. Apple plans to unveil iOS 27 AI integrations with Gemini and Anthropic across its 2.5 billion-device ecosystem, aiming to initiate a new phase of consumer AI monetization through services and developer engagement.
