Apple (NASDAQ: AAPL) has not seen the biggest gains for investors in the past year, with underperformance compared to other tech players. Despite this, recent earnings reports show significant growth, with record high revenue and earnings per share. The question now is whether Apple’s growth will continue, with particular focus on a key figure.

Apple’s success lies in its device market leadership, especially with the iPhone. The product’s popularity and user loyalty have kept it at the top of smartphone sales, with the iPhone 16 being the best-selling smartphone globally last year. While Apple wasn’t quick to enter the AI space, recent developments show potential for continued growth.

Apple faced import tariff concerns, but news of exemptions eased investor worries. The latest earnings report showed a 16% revenue increase to over $143 billion, with diluted earnings per share rising 19% to $2.84. The company highlighted “staggering” iPhone demand, signaling continued growth potential.

An often overlooked figure is the double-digit increase in switchers to the iPhone, especially in key markets like China. This growth in user base suggests that Apple’s momentum remains strong. With a reasonable valuation and potential for further growth, Apple is a compelling investment option for those seeking stability and growth in the tech sector.

Read more at Nasdaq: Will Apple’s Explosive Growth Continue? This Often Overlooked Figure Answers the Question.