Ok so, first things first you assholes, I am not a bot. I have been in the fucking game for about seven years now.
I don’t typically do posts like this and so this is fucking new to me. Anyways, it seems like a shit ton of you are falling out of favor with NOK. I don’t know what the fuck is wrong with you if you expected to gain a shit ton of money in a day, but what the fuck I have never seen such 🧻🤲🏻 in my fucking life for the past two days.
Are you guys really just going to stand there and let the enemy beat the fuck out of us.
And of course some of you are going to mention the total float as if that fucking matters because the stock is still cheap as fuck (for now lol 🚀) and because we managed to trade one fucking fifth of all the NOK stocks in circulation. They literally had to stop our asses from buying a couple of times. Just like you autistic retards I have lost thousands of dollars in this shit. My paychecks, birthday money, dividends, money from the sale of blue chips and Ark ETFs, etc.
So where’s the upside? Well let me fucking tell you where the upside is and when you can expect to pull off the biggest fucking heist alongside GME and AMC Wall Street will have ever seen. 🔥🚀💸
NOK is well known to be the bigger beast when it comes to the BANG stocks (BB, AMC, NOK, GME). It has a fuck load of shares to go around and there’s a lot of paperhanded pussies out there, so I understand why it may be daunting to expect a Juggernaut like NOK to moon anytime soon.
But it doesn’t have to be.
NOK releases its earnings on Thursday and its expected to blow the competition out of the fucking water. I wouldn’t even be surprised at all if it were to get a higher price than ERIC in two weeks (hell, possibly by EOW). NOK even plans to merge with top tier companies in the near future due to their prowess in the 5G tech that they’re developing. The 🏳️‍🌈🐻 have had their big meaty claws ever since its ATH of $62 all those years ago. Do you really expect a change if you don’t fucking BUY and fucking HOLD. No, with a team of fucking retarded superstars in this sub, NOK is prepping for a fierce comeback in the upcoming weeks. GME is top dog right now, but let’s be honest. GME hype can’t last forever (even tho it can for a long time as long as we remain retarded). However being on team NOK makes me feel like I’m on a loosing, shitty ass baseball team and no one is hitting over .100
What’s the plan, Stan?
The fucking plan is that you don’t buy market price. You look at the ask price and you fucking buy it. This is how we destroy walls. The $5 barrier battle today was hard fought and we fucking lost to the hedge funds. This next week is going to be fucking spectacular 🪄🚀🤲🏻💎 and I need to know if my fucking NOKle heads are even in it to win it or just downright frauds.
You say NOK was a plan by the bots? Take a look at fucking BlackBerry. That shit took the same swerves NOK did that it’s pretty much identical. If NOK is a sham, then the idea of the BANG stocks is a sham.
I know for a fucking fact you don’t believe that. I know that there’s dreamers in this sub. I dream just like you. I am trying to build a life just like you guys are. We are in something way bigger than ourselves so if you can for ONCE IN YOUR LIFE consider that maybe that the process is a trustable process then maybe we can win this shit.
If NOK hits $50, I will literally buy new fucking silverware (like expensive handmade shit with sterling silver cutlery) and eat my own shit. I don’t give a fuck whether you’d want to see it or not, because honestly boys I’d eat my shit to go to the moon and I am 200% willing to take one for the team.
This year, BANG is for real.
So hedgefunds, keep your ears out for the NOK NOK sounds on the door. We’re pissed and we’re armed to the teeth.
EDIT: General cheese reporting. Post this shit everywhere. I dont give a fuck. I WILL be producing a flank strategy tomorrow. People have to know goddamn it. Monday/Tuesday will close at $7 just give it time
The bell doesn’t fucking ring until WSB says it fucking rings. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🥵🥵
EDIT 2: some of you pussies are asking where you can buy NOK. The easiest way to buy it is with that fucking app all the whores on Tinder beg for food money on: Cashapp. There are literally no fucking limits and if you want an extra 2 fucking shares then use this shit when you sign the fuck up and get $10 extra buckaroos: BKXDNGQ. I also want to make it clear that everyone should share their cash apps so that we can get that $10 extra to put into NOK. I’m only doing this for the small wagecucks so if you have the money to do so, then don’t bother. This is just the only thing on the top of my head that would help out in any way
List of reasons to buy:

1. Most essential 5G patents in the world
2. Fastest 5G speeds recorded
3. Controls over 27% of the 4/5G market
4. First company contracted to set up internet on the moon (NASA)
5. Will receive MULTI-BILLION dollar settlements from ongoing litigations with Mercedes Benz and Lenovo
6. Technology provider and main collaborator of the National Security Center of Excellence 5G Cybersecurity Project (Federal 5G project)
7. Selected to be the main collaborator of the Hexa 6G European Union Project
8. Has pending Department of Defense contracts yet to awarded
9. Just sealed a contract with TMOBILE for US 5G roll out.
10. Has and will take market share from Huawei, already has secured multi-year deals with important Chinese companies
11. Blackrock increased their position to 333,000,000 shares during 2020, an increase of 21 million shares held from the year before (7% increase)
12. May also be getting back into the phone business as they are manufacturing phones in India
13. Vanguard Capital owns 160,000,000 shares and is continuously buying
14. Google Cloud announced a partnership with $NOK to Accelerate Cloud-Native 5G Readiness for Communications Providers

First of all, I am incredibly privileged. When my grandpa passed away in March, I inherited $30,000. I had $10,000 saved up as well from working the prior summer and that $10,000 was already invested in the stock market. In high school I found out about stocks in my economics class and the day I turned 18 I invested every penny I had.
Once again, I am privileged to be able to invest this money at all.. I have a college fund to pay my tuition, I don’t have to worry about when my next meal is coming, and I have the freedom to spend my money as I choose.
Anyways, in March & April when the market crashed I decided it was time to really dive into the stock market. I spent about 5 hours every day researching companies and I’m here to share what I’ve learned.
In my opinion, the companies you invest in should be an extension of your worldview. Where do you think the world will be in 10 years+ and what industries will prosper from the change. As I was raised in a liberal family and hold these values, I’m quite concerned with Climate Change. I’ve taken college classes in this realm since and learned more about the risks we face. I believe that any company whose mission revolves around mitigating the climate crisis will prosper in the coming decades.
That being said, I’ll list the companies I hold and a very brief synopsis of what they do and why I hold their stock. Please do your own research; this is only meant to introduce young investors to a certain mindset that I hold and the companies that I choose to support.
1) Tesla (TSLA)
portfolio weight: 22.86%
gain/loss 1026% gain
You guys all know what Tesla is about. They are the premier EV company with goals of cutting battery costs by 56% and producing 20,000,000+ cars in the decade. They also have a growing energy business with solar roofs, panels, battery storage and an autobidder software. Tesla is priced insanely high by traditional metrics. If these metrics are your investing style then it’s not for you. If you’re like me, and you look for companies to hold for decades then I believe Tesla is one of the best investments out there. What other company will benefit from the transition to renewables in response to climate change and changing political conditions?
2) MP Materials (MP)
portfolio weight: 12.68%
gain/loss: 197% gain
MP is the only active rare earth mineral miner in the U.S. They produce neodymium concentrates which are important components in NDPR magnets; used in EV motors, wind turbines, electronics & much more.
I bought MP during their early pre-merger days and have already seen considerable profits in a few months. I’ve been shaving this position to keep it around 10% because it is a commodity play which can be quite risky. That being said, rare earths are expected to appreciate substantially in price as EV demand increases. Furthermore, MP is moving downstream to refine their rare earths themselves, as they currently ship them to China to be refined, and in the future they plan on manufacturing their own NDPR batteries. This will increase their margins greatly.
3) Planet 13 (PLNHF)
portfolio weight 5.35%
gain/loss: 147.71% gain
This one is a MJ stock and I’m focusing mostly on my Climate Change investments on this post so I’ll keep it brief. They own a superstore in Vegas and have their own brands. I believe the MJ industry is going to explode soon and PLNHF will benefit.
4) Jinko Solar (JKS)
portfolio weight: 4.91%
gain/loss: 268.88% gain
Jinko Solar is a leading solar panel manufacturer in China. They’ve seen market consolidation in China and are poised to benefit from increasing demand and incentives around solar energy. Specifically, South East Asia is expected to see dramatic growth in renewables as China/India are responsible for a large portion of global emissions and are also seeing considerable growth in GDP and population. It’s a play on the South East Asian economy and renewable industry.
5) SolarEdge (SEDG):
portfolio weight: 4.89%
gain/loss: 108.5% gain
SolarEdge is the global leader in panel inverters, which turn the sun’s D.C. current into usable electricity for households (A.C. current). The inverter space is a much more consolidated industry with higher margins than panels. They trade at a more expensive multiple and are expected to see dramatic top and bottom line growth in the coming years. Solar panels need inverters to perform; simple as that. With fewer companies focused on this space, I expect the top players to have a large market share and grow along with the solar energy market. SEDG is also expanding into the energy storage and EV charging markets with recent acquisitions.
6) Enphase Energy (ENPH)
portfolio weight: 4.43%
gain/loss: 203.08% gain
Enphase is also in the inverter market, with their differentiated microinverters. Micro Inverters are generally used in smaller systems and optimal for residential solar. Everything said above about the inverter market is true for Enphase as well. Enphase’s business goes beyond inverters though. They are targeting a full residential energy ecosystem, with storage and their “Enlighten” software App, which will manage home energy usage and sell excess energy back to the grid. Enphase is very much a play on a future decentralized microgrid, with homes trading energy to each other as prices fluctuate.
7) Canadian Solar (CSIQ)
portfolio weight: 4.42%
gain/loss: 118.32% gain
Canadian Solar is another panel manufacturing company. They are also seeing growth in market share as smaller players struggle during the pandemic. CSIQ is a low cost producer with residential, commercial and grid level projects. They are planning on expanding their recurring revenue stream through full and partial ownership of solar projects. You can read more about this on the IR page. CSIQ is a pure solar play with an international footprint and vast management expertise. They will certainly benefit from any movement towards renewables, especially if legislation is passed to set a price on carbon.
8) Lemonade (LMND)
portfolio weight: 3.93%
gain/loss: 112.52 gain
Lemonade is not a climate change related investment. It’s highly speculative but I think their management team and business model is really cool so I put some money in (and quickly more than doubled it). I’ll be brief here, but basically they are a home/rentepet insurance company that takes a flat 25% cut of premiums as revenue and uses the remaining money to pay out claims. They aim to align incentives by donating anything left over beyond the 25% to a charity of customers choosing. Also, their use of AI makes the registration and claims process seamless and “delights” customers.
9) TPI Composites (TPIC)
portfolio weight: 3.73%
gain/loss: 153.99% gain
TPIC manufacturers wind blade composites. They supply the top five wind turbine companies outside of China. I wrote about them on prior posts so I’ll just copy & paste here:

63% of total wind blade manufacturing is outsourced to companies like TPI and they are the market leader in this space with about 20% market share globally. The business currently has low margins, but they target a 12% EBITDA margin for the future, and they trade at a measly 0.74 P/S ratio currently. They are also expanding into EV composite manufacturing and have a contract with Workhorse to manufacture vehicle parts for them.

10) Skyworks Solutions (SWKS)
portfolio weight: 2.83%
gain/loss: 60.57% gain
Skyworks is a semiconductor focused on connectivity chips for all kinds of devices. They aren’t climate change related which is the point of this post so I’ll leave it at that.
11) Tattooed Chef (TTCF)
portfolio weight: 2.65%
gain/loss: 55.90% gain
Tattooed Chef is a play on the rising plant-based food trend. They make a variety of frozen food items, widely available in Walmart, Costco and Target. They are expanding into Whole Foods, Trader Joe’s and many more stores, where I expect them to be very successful. The plant based market is exploding for a couple of reasons. Firstly, there is more research on the health benefits of a plant based diet, with athletes such as Chris Paul & Todd Gurley endorsing these brands. Also, consumers are becoming increasingly aware of the threat of climate change and how avoiding red meat can have a positive impact on the planet. I expect TTCF to benefit off of these trends and continue innovating in the plant-based space. I bought in 3 weeks ago and the price has exploded since then.
12) Workhorse (WKHS)
portfolio weight: 2.60%
gain/loss: 35.90% gain
Workhorse is an electric delivery van company. They manufacture last mile electric vehicles and are developing drones to further decrease last mile delivery costs. They are a play on the e-commerce industry and electrification of vehicles. I’m invested in them because last mile delivery is responsible for a large chunk of transportation carbon emissions and in desperate need of electrification. I also believe that Workhorse will get a large chunk of the upcoming USPS contract which will provide a stable revenue stream.
13) Aphria (APHA)
portfolio weight: 2.45%
gain/loss: 53% gain
Aphria is another MJ play for me. Once again they aren’t a climate change investment so I’ll keep it brief. They just finalized a merger with Tilray, making them the biggest cannabis producer in the world. They are based in Canada and I believe they will be the market leader in Europe, due to their infrastructure advantage through owning CC Pharma.
14) Vestas Wind Systems (VWDRY)
portfolio weight: 2.40%
gain/loss: 197.44% gain
Vestas is the global leader in wind turbine manufacturing and installation. They are one of the few pure wind plays in the stock market, making them an attractive choice for anybody looking to get exposure to wind. A big driver if future growth will be their service and maintainace business, which their management team has been focused on in recent quarters. This is a higher margin business with consistent recurring revenues.
15) Facebook (FB)
portfolio weight: 2.38%
gain/loss: 20.61% gain
I’m selling out of FB very soon but I still hold them for now. FB is an incredible business and I’m sure they’ll see growth in the future, but it just isn’t for me (anymore). I consider ethics a lot in my investments, which many of you may consider stupid but idc.
16) Hannon Armstrong (HASI)
portfolio weight: 2.18%
gain/loss: 57.40% gain
HASI is a REIT, which solely makes climate change related investments. They invest in the land under solar projects, energy efficient buildings and much more. HASI is a great dividend play and I expect their stock price to appreciate as climate change worries are exacerbated in the future.
17) Beyond Meat (BYND)
portfolio weight: 2.10%
gain/loss: 21.24% gain
I made a post with some DD earlier this year on Beyond so I’ll just link that below:
https://www.reddit.com/stocks/comments/if9tmj/beyond_meat_bynd_fundamental_analysis_with_my/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
18) Brookefield Renewable Partners (BEPC)
portfolio weight: 2.06%
gain/loss: 87.23% gain
BEPC owns and operates a portfolio of renewable energy assets. Earlier this year they completed a merger with Terraform Power, expanding their solar & wind footprint. They are also the primer owner of hydroelectric power plants, which produce a consistent source of electricity. BEPC has a strong management team and owns valuable assets that will greatly appreciate in value as government incentives expand around renewable energy consumption. They also pay a nice dividend.
19) Disney (DIS)
portfolio weight: 2.03%
gain/loss: 50.06% gain
I’m invested in Disney mostly for some portfolio diversity. I’m a big fan of their streaming platform and business strategy revolving around that. This one isn’t climate change related so I’ll leave it at that.
20) First Solar (FSLR)
portfolio weight: 1.84%
gain/loss: 70.47% gain
First Solar is an American based panel manufacturer and projects operator. They used differentiated technology with Cadmoum Telluride panels, which are supposed to increase output and lifetime at a higher cost. FSLR is just another play on the growing solar industry, and being U.S. based seems to reward them a higher earnings multiple in the market than their peers. They also have a beautiful balance sheet.
21) Trulieve Cannabis (TCNFF)
portfolio weight: 1.44%
gain/loss: 5.33% gain
Trulieve is another Cannabis play. This one based in the U.S. with a large medical market in Florida. Nuff said. (Do your own research)
22) Star Peak Energy Transition (STPK)
portfolio weight 1.43%
gain/loss: 55.45% gain
Star peak is a brand new holding for me and already shot up like crazy. It’s one of these merger companies (the word is censored on this subreddit). merging with Stem energy storage. Stem is involved in the battery storage industry, with mostly grid level storage systems. They currently have an even larger market share than Tesla and my reason for holding this stock is mostly as a hedge against Tesla’s energy business.
23) Shopify (SHOP)
portfolio weight: 1.10%
gain/loss: 18.19% gain
Shopify is an eCommerce platform, which allows customers to seamlessly design their own website and process payments. I’ve used Shopify in the past and am a big fan of the business, which is a big part of why I’m invested. They have a steep valuation but I plan on holding for 10+ years.
Total gain: 181.52%
(Note: I’ve taken some profits on a few of my stocks so the unrealized gain from my current holdings is less than my “total” gain by a few % points.)
Yes, I’m young and idealistic and have a lot to learn but I do know a few things. Here’s some of the lessons I’ve learned along my 1 and a half year journey in the market.

1. By investing in a company, you are supporting them financially. Buying pressure on companies’ stocks increases the price and allows them to raise capital more efficiently. It might be hard to hear, but when you buy Exxon stock, you are helping them destroy our planet. The same is true vice versa.
   
2. Don’t listen to anybody on reddit. Seriously. Nobody here knows any better than you. Do your own research, form your own judgements. If you’re gonna pick individual stocks then following advice on reddit is not the way to go. Reading through investor relations pages is the best way to go. Watch videos and read articles about both sides of the story with different companies. Don’t take these videos as facts though, just absorb what other people think and judge the validity of the information for yourself. It’s important to become an independent thinker. This is a slow process but eventually you’ll get the hang of things.
   
3. Invest with a 10+ year timeline. This is especially true if you’re young like myself. Don’t concern yourself with daily or even monthly swings in a stock. Ask yourself if the company will be worth substantially more in a decade. If not, then say, if so then buy and hold. Don’t try to time the market or swing trade. You’re just bringing on unnecessary risk. Buy and hold and buy some more.
   
4. Assess your own risk tolerance. As I’m sure several people will point out, my portfolio is incredibly speculative and risky from a traditional viewpoint. I have a really fucking high risk tolerance, so I invest with a “riskier” mindset. If I were to lose all my money tomorrow, I’d be fine. I’m going to have a college degree in a couple years and I’m not worried about being able to find a job. My reason for investing is about having the financial freedom to do whatever I want in life, and not worry about money in the future. If you’re investing for retirement or to pay off student loans, then I recommend taking a more conservative approach and maybe buying some index funds. However, if you’re young and have a stomach for risk like myself, then go crazy.
   

In conclusion, I’ve had an incredible year or so in the market. I don’t expect to have even close to these same returns in the future, but I’ve learned a thing or two and I’m here to share this information. You may disagree with everything I said and all the stocks I own and that’s okay! Don’t copy my portfolio and take everything I say with a grain of salt, however I hope you find some wisdom from this post!
Edit: Since a bunch of people pointed out angrily in the comments that holding FB, DIS, SHOP and MJ stocks don't really align with "your investments should be an extension of your worldview," I agree with you guys. There are some notable exceptions, and not everything that us as humans do in our everyday lives align with our values. This is true of my portfolio too, however about 80% of the investments are climate change related, 10% weed (which I like) and the other 10% tech. If 90% of your actions in life further your world view then you're doing pretty damn good IMO
Edit2: Also people seem to be pissed bc I inherited a lot of the money (3/4 of it) that I invested. I acknowledged already that I'm very lucky to be in this position and I don't really know what else to say about that, other than I aim to do something good with the money that I make

Should you buy Apple stock or has the company run out of growth opportunities? What is my price prediction for Apple in the next years? Read until the end as I reveal my price target for Apple and also what I think will happen in the next couple of days, weeks & months!
~ Warning! Very Very Long Post~
Hello everyone! So, let’s go over some of the latest news on Apple before moving on to some fundamental and technical analysis, predictions and my price target for the stock in the next years.
So, let’s start with the news that Apple will cut the App Store commission in half for small app developers starting in the next days, this will affect developers who earn less than $1M annually from the App Store Sales. This is likely to lead to a small decline in commission revenues for Apple as around 98% of the app developers will qualify for this tax reduction from 30% to 15%, but all these small developers only contribute to about 5% of the estimated $50B in annual revenues from the App Store, so that would be only a $1.25B loss for the company, that is less than half a % of the company’s total net sales in the last fiscal year.
Also, these changes may lead to a potential long-term revenue boost, as it is likely this will lead to an increasing creation of apps which will generate more commissions in return.
Alongside this we also saw the company releasing the new MacBook’s with their first in-house chip, which promises faster video and imaging processing times, with both CPU and GPU performance up to 2 times faster than the latest PC laptop chip using just a fraction of the power consumption, with both of the macbooks promising big improvements in battery life. Apple is also expected to roll out even more in-house chips in future products, as they have started the 2-year breakup with Intel chips.
We also saw Morgan Stanley upgrading their base case to $191 at the end of November, as they have cited record lead times, supply chain forecasts and carriers demand as they expect that the company will sell around 270M iPhone in fiscal year 2021, that’s 50M more than the consensus and almost 30M more than the previous estimate of Morgan Stanley, with an average selling price of 842$, 9% more than the base case, as people tend to chose the more expensive and high tech versions of the lineup in this new 5G cycle.
The 5G super-cycle, which I believe is on the way, and will continue in the next years, as 5G become more available worldwide, could still be the biggest thing coming right away for the company with 5G smartphones expected to surpass 4G sales by 2024, with the average sale price of the 5G phones also coming down, helping them become more popular. This will also be helped by the recent entry to the Indian market, as India will probably become the world biggest country in the next decade, this could be a huge opportunity for Apple to start and take away market-share from their competitors like Samsung and Xiaomi which have the biggest market shares right now.
They also released an update iPad Pro and an all-new iPad Air in September which will also boost sales in this work-from-home environment that will keep the demand very high for this kind of products, just like the Macs. Alongside the increasing demand from the Wearables, Home & Accessories that include Air Pods, Apple TV, Apple Watch, and many more products.
But the biggest reasons I believe Apple is poised for continued growth, is primarily due to its services business, as they start to offer more and more services like the Apple ONE BUNDLE, which include up to 6 services from (Apple Music, Apple TV+, Apple Arcade, Apple News+, the new Apple Fitness+ and the iCloud service) for a pretty reasonable price in my opinion starting from 15$ up to 30$/month, this could be a great option for families and even individuals who use their services a lot.
The latest services, Fitness+ just launched in the past days, and is a direct competitor to the likes of Peloton, as the service is available on the iPhone, iPad or even Apple TV. This also makes consumers buy the Apple Watch which syncs to the other devices to show you different information. The Fitness+ app just on its own is 8$/month or 80$/year which is less expensive than Peloton subscription which charges 13$ or even traditional gyms like Planet Fitness at 10$/month.
I think this will be the fastest growing sector for the company, as this aligns with the new macro trends, as the world is moving more and more to a digital approach to almost everything as consumer preferences, with more & more younger people reaching the point in life when they use these services start to align to this increasing digital approach.
We also shouldn’t forget the Apple Card & Apple Pay service among many others which also seem to gain from the move to digital & contactless payments, as this has been accelerated due to the current situation in the past year.
And one last piece of news, and the most recent one, is that Apple may have fast-tracked the Titan project. The Titan project is targeting a 2024 or 2025 push to develop an electric vehicle with advanced battery technologies, that will deliver significant increases in range at much lower costs than the current technologies while also offering self-driving capabilities.
It’s reported they will not use the same technology as Tesla Full-Self-Driving feature, but will use LIDAR sensors, similar to those that we can find in the latest iPhone 12 PRO.
I think Apple can go 2 ways with this project, they can either use the huge amount of cash the company has to buy another car-maker like Ford, GM or any other car manufacturer expect Tesla and Toyota which do have a big market cap, so that they can fast-track the potential manufacturing of cars, or they can enter into a partnership with big companies like Tesla, Volkswagen or any other car marker to either produce cars or license their technology to this other car-makers which would ultimately and probably have higher margin-returns than the effective manufacturing of cars. Apple’s current overall gross margins stand at 38% vs the 15% average of the world top 10 automakers by market cap, which is significantly lower.
But this Apple Car thing is so far out, and there are so many unknowns, I will not try to predict anything related to this until there is more clarity on the subject.
And last, before moving on to some predictions, here are some of the highlights that we heard from the latest investors conference meeting, as the CEO, Tim Cook expressed optimism ahead with the launch of many new products and services, especially the Home Pod Mini and the new 5G iPhones, as these new iPhones include new LIDAR scanners that greatly improve the camera capabilities, as the iPhone as seen very positive reviews. We also saw the Senior VP and CFO, Luca Maestri give us great outlook for the company as they expect the installed devices base to continue to growth despite already being at an all-time high as they have over 585M paid subscriptions on their platforms and expect this to surpass 600M by the end of 2020.
I also researched and found what products we can see in the near future, with the first half of 2021 bringing new iMacs, the AirPods3 and the iPad Pro, while in the FALL event we will probably get the new iPhone 13 alongside the iPhone SE PLUS and the Watch Series 7 with more products coming later in 2021 or that don’t have an estimated release date like the Air Pods Pro, the Air Tags and the iPad Mini 6.
So, before even starting, you should know that I am bull on Apple but I am willing to hear other opinions so don’t be afraid to leave a comment down below.
I have made some predictions based on the growth rate of the company, the latest plans announced by them and used some estimates. So, keep in mind this are only projections and are calculated by myself, this is not an investment advice and you should do your own research.
This are my 2025 projections for Apple, let’s take a closer look at them, each on their own.
So, in term of revenues, Apple has 5 big sources of income, which saw an overall increase of 6% despite lagging sales in the iPhone. The biggest revenue is by far the iPhone right now with over $137B in revenue in the fiscal year ending in September. I expect to see the iPhone sales increasing in the next years, especially in 2021, with the new 5G iPhone creating a super-cycle for the company, as most iPhone users, including myself here, as I will upgrade from my iPhone X, will switch to this new product. The iPhone sales have decreased in the last couple of years by 14% and 3% as a result of the product not having big improvements, as well as iPhone usually starting to last longer than previous models, so I expect to see a 12% increase in sales next year and a gradual decrease in the growth of sales as more people upgrade, ending with just a 5% growth in iPhone sales in 2025.
The next revenues stream is from the Mac, which has seen an increase in the past 2years, with revenues topping $28B this year after the huge demand from the work from home consumers. I expect this trend to continue as they plan to continue to launch better products and I can see the company having a similar growth next year before starting to decline slightly until 2025, also ending with a 5% growth.
The iPad is currently the smallest revenue stream for Apple but has also seen an increase in demand in the past 2 years with a 13% average increase in revenues. I also expect the iPad to continue to grow in the next couple of years, especially with the learn-from-home environment for kids, and even after this period ends, the transformation for learning will implicate more digital usage. I expect the iPad to see some similar growth to the Macs, especially with the latest generation also bringing a new iPad air to the market.
The 4th revenue stream and the fastest growing in the past 2 years, with an average growth of 33% are the wearables, home & accessories revenues. This have topped $30B this year, as Apple has also just launched the Apple Watch series 6 and also feature other great products like Apple TV, the Air Pods the Home Pod and the Home Pod mini alongside other third-party accessories.
I gave this revenue stream a growth of 20% starting next year with a gradual decrease to around 8% by 2025, as I believe this will become more & more popular as they start to offer more vertical integration.
And last, but by no means least, the revenue stream that I expect to grow the most and the fastest is the revenue from the services that Apple offers. This includes revenues from Apple Care, Advertising, Cloud Services, Payment Services like Apple Card & Apple Pay and of course the digital content which includes fees from the App Store alongside subscription-based income including the new Apple One Bundle and Apple Fitness+ alongside the already know Apple Arcade, Apple Music, Apple News+, Apple TV+ and hopefully I don’t forget any others.
So, I expect this to become the clear 2nd biggest revenue stream for Apple by 2025, as I expect this to grow more than 20% next year, mainly due to the Apple One Bundle and Apple Fitness+ followed up by a slightly decreasing growth, ending with a 10% increase in revenues in 2025.
I think this are fairly conservative base case scenarios for the revenues, as I expect them to continue to increase the other revenue streams and not have such a large percentage of the revenues coming from the iPhone sales as you can see in this chart.
In terms of expenses, I pretty much kept the same margins as in previous years, with a 68% expense ratio on product sales [ iPhone / iPad / Mac / WHA ] and 35% expense ratio on SERVICES, as this are way more lucrative.
In the past 3 years, the products gross margin was 32.7%, so I actually imply bigger expenses for the manufacturing and sales of products, as this is mostly impacted by the company’s supplier’s ability to make up for and demand, while for the services revenue, the gross margins for the last 3 years has been 63.5% on average, but I expect this to be more in-line with the 66% margin in this past year. So, if services manage to grow to about half the revenues from the iPhone, this will effectively double the gross revenues, as every buck gained in the service revenues account for 2$ in the product sales.
So, I expect the total revenues for Apple to increase from $274B in 2020 to over $440B by 2025, increasing by approximately 10%/year, while I will keep the expense ratio pretty much in-line and have them increasing by 11%/year, this would bring the total gross income for Apple to $177B, increasing mainly due to the services revenues as I said earlier. This growth is just above the 4year average, and below the 2018 levels, which we might see again with this 5G super-cycle and explosive growth in the services revenue.
I also think the company will continue to invest in both Capital Expenditure and Operating expenses.
I think the operating expenses will remain pretty much in line with the previous years, as this number has increased by 1% annually both in R&D and SG&A. So, I will keep the exact percentages from previous years, as I expect the revenue to increase, thus I don’t see a big increase percentage wise. This would account for over $60B in operating expenses by 2025 and over $11B in Capital Expenditures by 2025, as I expect this to increase, mainly due to the possible EV developments or investments in self-driving capabilities alongside other manufacturing capabilities. You can see that the Capex spending has been decreasing in the past years with just over $8.8B in payments for business acquisitions and the other traditional Capex spending. Some people may use the cash generated by investing activities as Capex, but that is more unreliable. I also can see the Capex going back up, so I wanted to be safe and implied a 10% growth.
This money would account for over $73B in expenses and would bring the profit for the company to almost $104B before interest and taxes.
Moving on, let’s see what interest income and expenses the company has had in the past few years. We can see a decrease in interest expense in the past few years as the company has been paying off debt, but they have also been generating less money in this department, with an overall decrease in this department of more than 50% in the past year, way less than the amount from 2018. So, for safety reasons, I used a 10% decline in both income and expenses related to interest, while increasing the other losses by 10%/year.
This would bring the company pre-tax income to just over $104B in 2025.
Let’s move on to taxes. I know the Federal income tax rate is 21% for the company, but the actual effective tax rate for the company was lower than 15% in the past year, mainly due to lower tax-rates on foreign earnings alongside tax-benefits and tax-settlements. The average effective tax rate has been just over 16% in the past 3 years, but with more and more of the revenues coming from outside the US, I think it’s safe to say that the company will have around a 15% effective tax rate by 2025, this obviously if nothing major changes in tax policy around the world.
So, Apple would have $88.6B in income after tax by 2025 and with the current outstanding shares standing at just under 17B, so I don’t even account for the company probably continuing to do share buybacks, this would mean a $5.22 future earnings/share. And with today’s price for Apple just around 136$, that would mean to company is trading at just over 26 times forward price to earnings.
I don’t think Apple will ever trade at a discount again, with the current PE standing at over 40, I believe this will eventually go down, probably to around 35, despite the increase in services revenue, which is highly valued by investors. I think we can see Apple trade somewhere near 35 times P/E in 2025, especially if something big happens with the EV project, this could be even higher, just look at Tesla which trades at insane P/E. Of course, we also have to take into consideration the dividends that will be received from owning the stock, as Apple has started to pay dividends almost a decade ago and has 9 years of dividend growth, with a 10% annual rate of growth in the past 5 years. Here is the dividend growth history for the company, as I also went conservative on this estimate and implied a 7% growth for the next 2 years, 6% for 2023 and 2024 and just 5% in 2025.
So here are my 3 price targets for the company, including dividends but not reinvested. My bear case scenario is that Apple will trade at almost 165$ which implies a return of over 21% by 2025, while my base case scenario would see Apple trading at 195$ with a return of capital of 43%. I will also make the bull case for Apple trading at 225$ by 2025 with dividends included, which would imply just over 65% in gains by then.
I think this is possible as Apple has also continued to buy back shares of the company on a constant basis, as they continue to an impressive campaign with over $72B worth of common stock repurchased in 2020. They continue to buy back shares at a very fast pace, having repurchased over 1.3B shares in 2019 and 2018, while also issuing less stock every year.
So here is the full spreadsheet that I have projected for Apple by 2025 and the breakdown of everything i estimated [ 1 / 2 ] , if you do have another opinion or a suggestion please leave a comment down below, I think I have been conservative in most of my projections, but feel free to give your opinion.
Keep in mind, these targets might sound ridiculous, but just look at the growth Apple has had in the last 5years. The company has increased in value by more 400% in just the past 5years and is over 100.000% up since it started trading. So yes, the valuation is mad right now for the company. So, are you willing to bet against Apple?
The company also has pristine financials, with more than $65B in total assets compared to total liabilities, and more than $38B in cash and cash equivalents.
So, what do I expect in the next couple of days, weeks and months for Apple?
Let’s look at this CHART, so starting with the stock split, Apple saw a correction within the September stock market pullback, in a buy the news & sell the event, after a huge runup post-announcement of the stock split. The stock entered a consolidation period, and didn’t have any big catalysts, especially with new iPhone lineup not being included in the Q4 results due to the late launch. The stock found some levels of resistance near the $120 levels that it struggled to get past but acted also as support after breaking them just before the recent news of the possible EV developments or self-driving-features to be licensed to other car manufacturers. After that news the stock spiked and has now reached the previous highs made before the stock split and is facing some resistance, if the stock pushes over $140 I think we can officially say that it broke the resistance at those levels and is not just a fake-out. But I think it’s likely that the stock will consolidate between 122 and 135$ in the next weeks until the next iPhone sales and quarterly results are released, as the stock has entered overbought territory again with an RSI over 70, the first time since the stock split.
So, what would I do? Well, I own Apple stock, and I really believe this company will remain the biggest or one of the biggest in the future, so I would really add on any weakness that the stock shows before the next quarter earnings are released, as typically Q1 earnings are the best for the company due to increased holiday sales combined with the launch of new products. I think any entry below 130$ would be really nice to start and build a position or increase it if you already own the stock. As I believe Apple is one of the most stable stocks out there with large institutional holders like Vanguard, BlackRock and Berkshire owning over 900M shares each.
Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market!
Have a great day and see you next time!

Should you buy Apple stock or has the company run out of growth opportunities? What is my price prediction for Apple in the next years? Read until the end as I reveal my price target for Apple and also what I think will happen in the next couple of days, weeks & months!
~ Warning! Very Very Long Post~
Hello everyone! So, let’s go over some of the latest news on Apple before moving on to some fundamental and technical analysis, predictions and my price target for the stock in the next years.
[Disclosure: I made this DD last month, but I wasn't part of this Subreddit until the last few days]
So, let’s start with the news that Apple will cut the App Store commission in half for small app developers starting in the next days, this will affect developers who earn less than $1M annually from the App Store Sales. This is likely to lead to a small decline in commission revenues for Apple as around 98% of the app developers will qualify for this tax reduction from 30% to 15%, but all these small developers only contribute to about 5% of the estimated $50B in annual revenues from the App Store, so that would be only a $1.25B loss for the company, that is less than half a % of the company’s total net sales in the last fiscal year.
Also, these changes may lead to a potential long-term revenue boost, as it is likely this will lead to an increasing creation of apps which will generate more commissions in return.
Alongside this we also saw the company releasing the new MacBook’s with their first in-house chip, which promises faster video and imaging processing times, with both CPU and GPU performance up to 2 times faster than the latest PC laptop chip using just a fraction of the power consumption, with both of the macbooks promising big improvements in battery life. Apple is also expected to roll out even more in-house chips in future products, as they have started the 2-year breakup with Intel chips.
We also saw Morgan Stanley upgrading their base case to $191 at the end of November, as they have cited record lead times, supply chain forecasts and carriers demand as they expect that the company will sell around 270M iPhone in fiscal year 2021, that’s 50M more than the consensus and almost 30M more than the previous estimate of Morgan Stanley, with an average selling price of 842$, 9% more than the base case, as people tend to chose the more expensive and high tech versions of the lineup in this new 5G cycle.
The 5G super-cycle, which I believe is on the way, and will continue in the next years, as 5G become more available worldwide, could still be the biggest thing coming right away for the company with 5G smartphones expected to surpass 4G sales by 2024, with the average sale price of the 5G phones also coming down, helping them become more popular. This will also be helped by the recent entry to the Indian market, as India will probably become the world biggest country in the next decade, this could be a huge opportunity for Apple to start and take away market-share from their competitors like Samsung and Xiaomi which have the biggest market shares right now.
They also released an update iPad Pro and an all-new iPad Air in September which will also boost sales in this work-from-home environment that will keep the demand very high for this kind of products, just like the Macs. Alongside the increasing demand from the Wearables, Home & Accessories that include Air Pods, Apple TV, Apple Watch, and many more products.
But the biggest reasons I believe Apple is poised for continued growth, is primarily due to its services business, as they start to offer more and more services like the Apple ONE BUNDLE, which include up to 6 services from (Apple Music, Apple TV+, Apple Arcade, Apple News+, the new Apple Fitness+ and the iCloud service) for a pretty reasonable price in my opinion starting from 15$ up to 30$/month, this could be a great option for families and even individuals who use their services a lot.
The latest services, Fitness+ just launched in the past days, and is a direct competitor to the likes of Peloton, as the service is available on the iPhone, iPad or even Apple TV. This also makes consumers buy the Apple Watch which syncs to the other devices to show you different information. The Fitness+ app just on its own is 8$/month or 80$/year which is less expensive than Peloton subscription which charges 13$ or even traditional gyms like Planet Fitness at 10$/month.
I think this will be the fastest growing sector for the company, as this aligns with the new macro trends, as the world is moving more and more to a digital approach to almost everything as consumer preferences, with more & more younger people reaching the point in life when they use these services start to align to this increasing digital approach.
We also shouldn’t forget the Apple Card & Apple Pay service among many others which also seem to gain from the move to digital & contactless payments, as this has been accelerated due to the current situation in the past year.
And one last piece of news, and the most recent one, is that Apple may have fast-tracked the Titan project. The Titan project is targeting a 2024 or 2025 push to develop an electric vehicle with advanced battery technologies, that will deliver significant increases in range at much lower costs than the current technologies while also offering self-driving capabilities.
It’s reported they will not use the same technology as Tesla Full-Self-Driving feature, but will use LIDAR sensors, similar to those that we can find in the latest iPhone 12 PRO.
I think Apple can go 2 ways with this project, they can either use the huge amount of cash the company has to buy another car-maker like Ford, GM or any other car manufacturer expect Tesla and Toyota which do have a big market cap, so that they can fast-track the potential manufacturing of cars, or they can enter into a partnership with big companies like Tesla, Volkswagen or any other car marker to either produce cars or license their technology to this other car-makers which would ultimately and probably have higher margin-returns than the effective manufacturing of cars. Apple’s current overall gross margins stand at 38% vs the 15% average of the world top 10 automakers by market cap, which is significantly lower.
But this Apple Car thing is so far out, and there are so many unknowns, I will not try to predict anything related to this until there is more clarity on the subject.
And last, before moving on to some predictions, here are some of the highlights that we heard from the latest investors conference meeting, as the CEO, Tim Cook expressed optimism ahead with the launch of many new products and services, especially the Home Pod Mini and the new 5G iPhones, as these new iPhones include new LIDAR scanners that greatly improve the camera capabilities, as the iPhone as seen very positive reviews. We also saw the Senior VP and CFO, Luca Maestri give us great outlook for the company as they expect the installed devices base to continue to growth despite already being at an all-time high as they have over 585M paid subscriptions on their platforms and expect this to surpass 600M by the end of 2020.
I also researched and found what products we can see in the near future, with the first half of 2021 bringing new iMacs, the AirPods3 and the iPad Pro, while in the FALL event we will probably get the new iPhone 13 alongside the iPhone SE PLUS and the Watch Series 7 with more products coming later in 2021 or that don’t have an estimated release date like the Air Pods Pro, the Air Tags and the iPad Mini 6.
So, before even starting, you should know that I am bull on Apple but I am willing to hear other opinions so don’t be afraid to leave a comment down below.
I have made some predictions based on the growth rate of the company, the latest plans announced by them and used some estimates. So, keep in mind this are only projections and are calculated by myself, this is not an investment advice and you should do your own research.
This are my 2025 projections for Apple, let’s take a closer look at them, each on their own.
So, in term of revenues, Apple has 5 big sources of income, which saw an overall increase of 6% despite lagging sales in the iPhone. The biggest revenue is by far the iPhone right now with over $137B in revenue in the fiscal year ending in September. I expect to see the iPhone sales increasing in the next years, especially in 2021, with the new 5G iPhone creating a super-cycle for the company, as most iPhone users, including myself here, as I will upgrade from my iPhone X, will switch to this new product. The iPhone sales have decreased in the last couple of years by 14% and 3% as a result of the product not having big improvements, as well as iPhone usually starting to last longer than previous models, so I expect to see a 12% increase in sales next year and a gradual decrease in the growth of sales as more people upgrade, ending with just a 5% growth in iPhone sales in 2025.
The next revenues stream is from the Mac, which has seen an increase in the past 2years, with revenues topping $28B this year after the huge demand from the work from home consumers. I expect this trend to continue as they plan to continue to launch better products and I can see the company having a similar growth next year before starting to decline slightly until 2025, also ending with a 5% growth.
The iPad is currently the smallest revenue stream for Apple but has also seen an increase in demand in the past 2 years with a 13% average increase in revenues. I also expect the iPad to continue to grow in the next couple of years, especially with the learn-from-home environment for kids, and even after this period ends, the transformation for learning will implicate more digital usage. I expect the iPad to see some similar growth to the Macs, especially with the latest generation also bringing a new iPad air to the market.
The 4th revenue stream and the fastest growing in the past 2 years, with an average growth of 33% are the wearables, home & accessories revenues. This have topped $30B this year, as Apple has also just launched the Apple Watch series 6 and also feature other great products like Apple TV, the Air Pods the Home Pod and the Home Pod mini alongside other third-party accessories.
I gave this revenue stream a growth of 20% starting next year with a gradual decrease to around 8% by 2025, as I believe this will become more & more popular as they start to offer more vertical integration.
And last, but by no means least, the revenue stream that I expect to grow the most and the fastest is the revenue from the services that Apple offers. This includes revenues from Apple Care, Advertising, Cloud Services, Payment Services like Apple Card & Apple Pay and of course the digital content which includes fees from the App Store alongside subscription-based income including the new Apple One Bundle and Apple Fitness+ alongside the already know Apple Arcade, Apple Music, Apple News+, Apple TV+ and hopefully I don’t forget any others.
So, I expect this to become the clear 2nd biggest revenue stream for Apple by 2025, as I expect this to grow more than 20% next year, mainly due to the Apple One Bundle and Apple Fitness+ followed up by a slightly decreasing growth, ending with a 10% increase in revenues in 2025.
I think this are fairly conservative base case scenarios for the revenues, as I expect them to continue to increase the other revenue streams and not have such a large percentage of the revenues coming from the iPhone sales as you can see in this chart.
In terms of expenses, I pretty much kept the same margins as in previous years, with a 68% expense ratio on product sales [ iPhone / iPad / Mac / WHA ] and 35% expense ratio on SERVICES, as this are way more lucrative.
In the past 3 years, the products gross margin was 32.7%, so I actually imply bigger expenses for the manufacturing and sales of products, as this is mostly impacted by the company’s supplier’s ability to make up for and demand, while for the services revenue, the gross margins for the last 3 years has been 63.5% on average, but I expect this to be more in-line with the 66% margin in this past year. So, if services manage to grow to about half the revenues from the iPhone, this will effectively double the gross revenues, as every buck gained in the service revenues account for 2$ in the product sales.
So, I expect the total revenues for Apple to increase from $274B in 2020 to over $440B by 2025, increasing by approximately 10%/year, while I will keep the expense ratio pretty much in-line and have them increasing by 11%/year, this would bring the total gross income for Apple to $177B, increasing mainly due to the services revenues as I said earlier. This growth is just above the 4year average, and below the 2018 levels, which we might see again with this 5G super-cycle and explosive growth in the services revenue.
I also think the company will continue to invest in both Capital Expenditure and Operating expenses.
I think the operating expenses will remain pretty much in line with the previous years, as this number has increased by 1% annually both in R&D and SG&A. So, I will keep the exact percentages from previous years, as I expect the revenue to increase, thus I don’t see a big increase percentage wise. This would account for over $60B in operating expenses by 2025 and over $11B in Capital Expenditures by 2025, as I expect this to increase, mainly due to the possible EV developments or investments in self-driving capabilities alongside other manufacturing capabilities. You can see that the Capex spending has been decreasing in the past years with just over $8.8B in payments for business acquisitions and the other traditional Capex spending. Some people may use the cash generated by investing activities as Capex, but that is more unreliable. I also can see the Capex going back up, so I wanted to be safe and implied a 10% growth.
This money would account for over $73B in expenses and would bring the profit for the company to almost $104B before interest and taxes.
Moving on, let’s see what interest income and expenses the company has had in the past few years. We can see a decrease in interest expense in the past few years as the company has been paying off debt, but they have also been generating less money in this department, with an overall decrease in this department of more than 50% in the past year, way less than the amount from 2018. So, for safety reasons, I used a 10% decline in both income and expenses related to interest, while increasing the other losses by 10%/year.
This would bring the company pre-tax income to just over $104B in 2025.
Let’s move on to taxes. I know the Federal income tax rate is 21% for the company, but the actual effective tax rate for the company was lower than 15% in the past year, mainly due to lower tax-rates on foreign earnings alongside tax-benefits and tax-settlements. The average effective tax rate has been just over 16% in the past 3 years, but with more and more of the revenues coming from outside the US, I think it’s safe to say that the company will have around a 15% effective tax rate by 2025, this obviously if nothing major changes in tax policy around the world.
So, Apple would have $88.6B in income after tax by 2025 and with the current outstanding shares standing at just under 17B, so I don’t even account for the company probably continuing to do share buybacks, this would mean a $5.22 future earnings/share. And with today’s price for Apple just around 136$, that would mean to company is trading at just over 26 times forward price to earnings.
I don’t think Apple will ever trade at a discount again, with the current PE standing at over 40, I believe this will eventually go down, probably to around 35, despite the increase in services revenue, which is highly valued by investors. I think we can see Apple trade somewhere near 35 times P/E in 2025, especially if something big happens with the EV project, this could be even higher, just look at Tesla which trades at insane P/E. Of course, we also have to take into consideration the dividends that will be received from owning the stock, as Apple has started to pay dividends almost a decade ago and has 9 years of dividend growth, with a 10% annual rate of growth in the past 5 years. Here is the dividend growth history for the company, as I also went conservative on this estimate and implied a 7% growth for the next 2 years, 6% for 2023 and 2024 and just 5% in 2025.
So here are my 3 price targets for the company, including dividends but not reinvested. My bear case scenario is that Apple will trade at almost 165$ which implies a return of over 21% by 2025, while my base case scenario would see Apple trading at 195$ with a return of capital of 43%. I will also make the bull case for Apple trading at 225$ by 2025 with dividends included, which would imply just over 65% in gains by then.
I think this is possible as Apple has also continued to buy back shares of the company on a constant basis, as they continue to an impressive campaign with over $72B worth of common stock repurchased in 2020. They continue to buy back shares at a very fast pace, having repurchased over 1.3B shares in 2019 and 2018, while also issuing less stock every year.
So here is the full spreadsheet that I have projected for Apple by 2025 and the breakdown of everything i estimated [ 1 / 2 ] , if you do have another opinion or a suggestion please leave a comment down below, I think I have been conservative in most of my projections, but feel free to give your opinion.
Keep in mind, these targets might sound ridiculous, but just look at the growth Apple has had in the last 5years. The company has increased in value by more 400% in just the past 5years and is over 100.000% up since it started trading. So yes, the valuation is mad right now for the company. So, are you willing to bet against Apple?
The company also has pristine financials, with more than $65B in total assets compared to total liabilities, and more than $38B in cash and cash equivalents.
So, what do I expect in the next couple of days, weeks and months for Apple?
Let’s look at this CHART, so starting with the stock split, Apple saw a correction within the September stock market pullback, in a buy the news & sell the event, after a huge runup post-announcement of the stock split. The stock entered a consolidation period, and didn’t have any big catalysts, especially with new iPhone lineup not being included in the Q4 results due to the late launch. The stock found some levels of resistance near the $120 levels that it struggled to get past but acted also as support after breaking them just before the recent news of the possible EV developments or self-driving-features to be licensed to other car manufacturers. After that news the stock spiked and has now reached the previous highs made before the stock split and is facing some resistance, if the stock pushes over $140 I think we can officially say that it broke the resistance at those levels and is not just a fake-out. But I think it’s likely that the stock will consolidate between 122 and 135$ in the next weeks until the next iPhone sales and quarterly results are released, as the stock has entered overbought territory again with an RSI over 70, the first time since the stock split.
So, what would I do? Well, I own Apple stock, and I really believe this company will remain the biggest or one of the biggest in the future, so I would really add on any weakness that the stock shows before the next quarter earnings are released, as typically Q1 earnings are the best for the company due to increased holiday sales combined with the launch of new products. I think any entry below 130$ would be really nice to start and build a position or increase it if you already own the stock. As I believe Apple is one of the most stable stocks out there with large institutional holders like Vanguard, BlackRock and Berkshire owning over 900M shares each.
Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market!
Have a great day and see you next time!

Should you buy Apple stock or has the company run out of growth opportunities? What is my price prediction for Apple in the next years? Read until the end as I reveal my price target for Apple and also what I think will happen in the next couple of days, weeks & months!
~ Warning! Very Very Long Post~
Hello everyone! So, let’s go over some of the latest news on Apple before moving on to some fundamental and technical analysis, predictions and my price target for the stock in the next years.
So, let’s start with the news that Apple will cut the App Store commission in half for small app developers starting in the next days, this will affect developers who earn less than $1M annually from the App Store Sales. This is likely to lead to a small decline in commission revenues for Apple as around 98% of the app developers will qualify for this tax reduction from 30% to 15%, but all these small developers only contribute to about 5% of the estimated $50B in annual revenues from the App Store, so that would be only a $1.25B loss for the company, that is less than half a % of the company’s total net sales in the last fiscal year.
Also, these changes may lead to a potential long-term revenue boost, as it is likely this will lead to an increasing creation of apps which will generate more commissions in return.
Alongside this we also saw the company releasing the new MacBook’s with their first in-house chip, which promises faster video and imaging processing times, with both CPU and GPU performance up to 2 times faster than the latest PC laptop chip using just a fraction of the power consumption, with both of the macbooks promising big improvements in battery life. Apple is also expected to roll out even more in-house chips in future products, as they have started the 2-year breakup with Intel chips.
We also saw Morgan Stanley upgrading their base case to $191 at the end of November, as they have cited record lead times, supply chain forecasts and carriers demand as they expect that the company will sell around 270M iPhone in fiscal year 2021, that’s 50M more than the consensus and almost 30M more than the previous estimate of Morgan Stanley, with an average selling price of 842$, 9% more than the base case, as people tend to chose the more expensive and high tech versions of the lineup in this new 5G cycle.
The 5G super-cycle, which I believe is on the way, and will continue in the next years, as 5G become more available worldwide, could still be the biggest thing coming right away for the company with 5G smartphones expected to surpass 4G sales by 2024, with the average sale price of the 5G phones also coming down, helping them become more popular. This will also be helped by the recent entry to the Indian market, as India will probably become the world biggest country in the next decade, this could be a huge opportunity for Apple to start and take away market-share from their competitors like Samsung and Xiaomi which have the biggest market shares right now.
They also released an update iPad Pro and an all-new iPad Air in September which will also boost sales in this work-from-home environment that will keep the demand very high for this kind of products, just like the Macs. Alongside the increasing demand from the Wearables, Home & Accessories that include Air Pods, Apple TV, Apple Watch, and many more products.
But the biggest reasons I believe Apple is poised for continued growth, is primarily due to its services business, as they start to offer more and more services like the Apple ONE BUNDLE, which include up to 6 services from (Apple Music, Apple TV+, Apple Arcade, Apple News+, the new Apple Fitness+ and the iCloud service) for a pretty reasonable price in my opinion starting from 15$ up to 30$/month, this could be a great option for families and even individuals who use their services a lot.
The latest services, Fitness+ just launched in the past days, and is a direct competitor to the likes of Peloton, as the service is available on the iPhone, iPad or even Apple TV. This also makes consumers buy the Apple Watch which syncs to the other devices to show you different information. The Fitness+ app just on its own is 8$/month or 80$/year which is less expensive than Peloton subscription which charges 13$ or even traditional gyms like Planet Fitness at 10$/month.
I think this will be the fastest growing sector for the company, as this aligns with the new macro trends, as the world is moving more and more to a digital approach to almost everything as consumer preferences, with more & more younger people reaching the point in life when they use these services start to align to this increasing digital approach.
We also shouldn’t forget the Apple Card & Apple Pay service among many others which also seem to gain from the move to digital & contactless payments, as this has been accelerated due to the current situation in the past year.
And one last piece of news, and the most recent one, is that Apple may have fast-tracked the Titan project. The Titan project is targeting a 2024 or 2025 push to develop an electric vehicle with advanced battery technologies, that will deliver significant increases in range at much lower costs than the current technologies while also offering self-driving capabilities.
It’s reported they will not use the same technology as Tesla Full-Self-Driving feature, but will use LIDAR sensors, similar to those that we can find in the latest iPhone 12 PRO.
I think Apple can go 2 ways with this project, they can either use the huge amount of cash the company has to buy another car-maker like Ford, GM or any other car manufacturer expect Tesla and Toyota which do have a big market cap, so that they can fast-track the potential manufacturing of cars, or they can enter into a partnership with big companies like Tesla, Volkswagen or any other car marker to either produce cars or license their technology to this other car-makers which would ultimately and probably have higher margin-returns than the effective manufacturing of cars. Apple’s current overall gross margins stand at 38% vs the 15% average of the world top 10 automakers by market cap, which is significantly lower.
But this Apple Car thing is so far out, and there are so many unknowns, I will not try to predict anything related to this until there is more clarity on the subject.
And last, before moving on to some predictions, here are some of the highlights that we heard from the latest investors conference meeting, as the CEO, Tim Cook expressed optimism ahead with the launch of many new products and services, especially the Home Pod Mini and the new 5G iPhones, as these new iPhones include new LIDAR scanners that greatly improve the camera capabilities, as the iPhone as seen very positive reviews. We also saw the Senior VP and CFO, Luca Maestri give us great outlook for the company as they expect the installed devices base to continue to growth despite already being at an all-time high as they have over 585M paid subscriptions on their platforms and expect this to surpass 600M by the end of 2020.
I also researched and found what products we can see in the near future, with the first half of 2021 bringing new iMacs, the AirPods3 and the iPad Pro, while in the FALL event we will probably get the new iPhone 13 alongside the iPhone SE PLUS and the Watch Series 7 with more products coming later in 2021 or that don’t have an estimated release date like the Air Pods Pro, the Air Tags and the iPad Mini 6.
So, before even starting, you should know that I am bull on Apple but I am willing to hear other opinions so don’t be afraid to leave a comment down below.
I have made some predictions based on the growth rate of the company, the latest plans announced by them and used some estimates. So, keep in mind this are only projections and are calculated by myself, this is not an investment advice and you should do your own research.
This are my 2025 projections for Apple, let’s take a closer look at them, each on their own.
So, in term of revenues, Apple has 5 big sources of income, which saw an overall increase of 6% despite lagging sales in the iPhone. The biggest revenue is by far the iPhone right now with over $137B in revenue in the fiscal year ending in September. I expect to see the iPhone sales increasing in the next years, especially in 2021, with the new 5G iPhone creating a super-cycle for the company, as most iPhone users, including myself here, as I will upgrade from my iPhone X, will switch to this new product. The iPhone sales have decreased in the last couple of years by 14% and 3% as a result of the product not having big improvements, as well as iPhone usually starting to last longer than previous models, so I expect to see a 12% increase in sales next year and a gradual decrease in the growth of sales as more people upgrade, ending with just a 5% growth in iPhone sales in 2025.
The next revenues stream is from the Mac, which has seen an increase in the past 2years, with revenues topping $28B this year after the huge demand from the work from home consumers. I expect this trend to continue as they plan to continue to launch better products and I can see the company having a similar growth next year before starting to decline slightly until 2025, also ending with a 5% growth.
The iPad is currently the smallest revenue stream for Apple but has also seen an increase in demand in the past 2 years with a 13% average increase in revenues. I also expect the iPad to continue to grow in the next couple of years, especially with the learn-from-home environment for kids, and even after this period ends, the transformation for learning will implicate more digital usage. I expect the iPad to see some similar growth to the Macs, especially with the latest generation also bringing a new iPad air to the market.
The 4th revenue stream and the fastest growing in the past 2 years, with an average growth of 33% are the wearables, home & accessories revenues. This have topped $30B this year, as Apple has also just launched the Apple Watch series 6 and also feature other great products like Apple TV, the Air Pods the Home Pod and the Home Pod mini alongside other third-party accessories.
I gave this revenue stream a growth of 20% starting next year with a gradual decrease to around 8% by 2025, as I believe this will become more & more popular as they start to offer more vertical integration.
And last, but by no means least, the revenue stream that I expect to grow the most and the fastest is the revenue from the services that Apple offers. This includes revenues from Apple Care, Advertising, Cloud Services, Payment Services like Apple Card & Apple Pay and of course the digital content which includes fees from the App Store alongside subscription-based income including the new Apple One Bundle and Apple Fitness+ alongside the already know Apple Arcade, Apple Music, Apple News+, Apple TV+ and hopefully I don’t forget any others.
So, I expect this to become the clear 2nd biggest revenue stream for Apple by 2025, as I expect this to grow more than 20% next year, mainly due to the Apple One Bundle and Apple Fitness+ followed up by a slightly decreasing growth, ending with a 10% increase in revenues in 2025.
I think this are fairly conservative base case scenarios for the revenues, as I expect them to continue to increase the other revenue streams and not have such a large percentage of the revenues coming from the iPhone sales as you can see in this chart.
In terms of expenses, I pretty much kept the same margins as in previous years, with a 68% expense ratio on product sales [ iPhone / iPad / Mac / WHA ] and 35% expense ratio on SERVICES, as this are way more lucrative.
In the past 3 years, the products gross margin was 32.7%, so I actually imply bigger expenses for the manufacturing and sales of products, as this is mostly impacted by the company’s supplier’s ability to make up for and demand, while for the services revenue, the gross margins for the last 3 years has been 63.5% on average, but I expect this to be more in-line with the 66% margin in this past year. So, if services manage to grow to about half the revenues from the iPhone, this will effectively double the gross revenues, as every buck gained in the service revenues account for 2$ in the product sales.
So, I expect the total revenues for Apple to increase from $274B in 2020 to over $440B by 2025, increasing by approximately 10%/year, while I will keep the expense ratio pretty much in-line and have them increasing by 11%/year, this would bring the total gross income for Apple to $177B, increasing mainly due to the services revenues as I said earlier. This growth is just above the 4year average, and below the 2018 levels, which we might see again with this 5G super-cycle and explosive growth in the services revenue.
I also think the company will continue to invest in both Capital Expenditure and Operating expenses.
I think the operating expenses will remain pretty much in line with the previous years, as this number has increased by 1% annually both in R&D and SG&A. So, I will keep the exact percentages from previous years, as I expect the revenue to increase, thus I don’t see a big increase percentage wise. This would account for over $60B in operating expenses by 2025 and over $11B in Capital Expenditures by 2025, as I expect this to increase, mainly due to the possible EV developments or investments in self-driving capabilities alongside other manufacturing capabilities. You can see that the Capex spending has been decreasing in the past years with just over $8.8B in payments for business acquisitions and the other traditional Capex spending. Some people may use the cash generated by investing activities as Capex, but that is more unreliable. I also can see the Capex going back up, so I wanted to be safe and implied a 10% growth.
This money would account for over $73B in expenses and would bring the profit for the company to almost $104B before interest and taxes.
Moving on, let’s see what interest income and expenses the company has had in the past few years. We can see a decrease in interest expense in the past few years as the company has been paying off debt, but they have also been generating less money in this department, with an overall decrease in this department of more than 50% in the past year, way less than the amount from 2018. So, for safety reasons, I used a 10% decline in both income and expenses related to interest, while increasing the other losses by 10%/year.
This would bring the company pre-tax income to just over $104B in 2025.
Let’s move on to taxes. I know the Federal income tax rate is 21% for the company, but the actual effective tax rate for the company was lower than 15% in the past year, mainly due to lower tax-rates on foreign earnings alongside tax-benefits and tax-settlements. The average effective tax rate has been just over 16% in the past 3 years, but with more and more of the revenues coming from outside the US, I think it’s safe to say that the company will have around a 15% effective tax rate by 2025, this obviously if nothing major changes in tax policy around the world.
So, Apple would have $88.6B in income after tax by 2025 and with the current outstanding shares standing at just under 17B, so I don’t even account for the company probably continuing to do share buybacks, this would mean a $5.22 future earnings/share. And with today’s price for Apple just around 136$, that would mean to company is trading at just over 26 times forward price to earnings.
I don’t think Apple will ever trade at a discount again, with the current PE standing at over 40, I believe this will eventually go down, probably to around 35, despite the increase in services revenue, which is highly valued by investors. I think we can see Apple trade somewhere near 35 times P/E in 2025, especially if something big happens with the EV project, this could be even higher, just look at Tesla which trades at insane P/E. Of course, we also have to take into consideration the dividends that will be received from owning the stock, as Apple has started to pay dividends almost a decade ago and has 9 years of dividend growth, with a 10% annual rate of growth in the past 5 years. Here is the dividend growth history for the company, as I also went conservative on this estimate and implied a 7% growth for the next 2 years, 6% for 2023 and 2024 and just 5% in 2025.
So here are my 3 price targets for the company, including dividends but not reinvested. My bear case scenario is that Apple will trade at almost 165$ which implies a return of over 21% by 2025, while my base case scenario would see Apple trading at 195$ with a return of capital of 43%. I will also make the bull case for Apple trading at 225$ by 2025 with dividends included, which would imply just over 65% in gains by then.
I think this is possible as Apple has also continued to buy back shares of the company on a constant basis, as they continue to an impressive campaign with over $72B worth of common stock repurchased in 2020. They continue to buy back shares at a very fast pace, having repurchased over 1.3B shares in 2019 and 2018, while also issuing less stock every year.
So here is the full spreadsheet that I have projected for Apple by 2025 and the breakdown of everything i estimated [ 1 / 2 ] , if you do have another opinion or a suggestion please leave a comment down below, I think I have been conservative in most of my projections, but feel free to give your opinion.
Keep in mind, these targets might sound ridiculous, but just look at the growth Apple has had in the last 5years. The company has increased in value by more 400% in just the past 5years and is over 100.000% up since it started trading. So yes, the valuation is mad right now for the company. So, are you willing to bet against Apple?
The company also has pristine financials, with more than $65B in total assets compared to total liabilities, and more than $38B in cash and cash equivalents.
So, what do I expect in the next couple of days, weeks and months for Apple?
Let’s look at this CHART, so starting with the stock split, Apple saw a correction within the September stock market pullback, in a buy the news & sell the event, after a huge runup post-announcement of the stock split. The stock entered a consolidation period, and didn’t have any big catalysts, especially with new iPhone lineup not being included in the Q4 results due to the late launch. The stock found some levels of resistance near the $120 levels that it struggled to get past but acted also as support after breaking them just before the recent news of the possible EV developments or self-driving-features to be licensed to other car manufacturers. After that news the stock spiked and has now reached the previous highs made before the stock split and is facing some resistance, if the stock pushes over $140 I think we can officially say that it broke the resistance at those levels and is not just a fake-out. But I think it’s likely that the stock will consolidate between 122 and 135$ in the next weeks until the next iPhone sales and quarterly results are released, as the stock has entered overbought territory again with an RSI over 70, the first time since the stock split.
So, what would I do? Well, I own Apple stock, and I really believe this company will remain the biggest or one of the biggest in the future, so I would really add on any weakness that the stock shows before the next quarter earnings are released, as typically Q1 earnings are the best for the company due to increased holiday sales combined with the launch of new products. I think any entry below 130$ would be really nice to start and build a position or increase it if you already own the stock. As I believe Apple is one of the most stable stocks out there with large institutional holders like Vanguard, BlackRock and Berkshire owning over 900M shares each.
Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market!
Have a great day and see you next time!

(Reposting here because WSB is going hard in the paint when it comes to moderating posts right now)
RING RING 📞📞
Pick up goddamn it. It’s general cheese here. 👋
Yeah what’s up bitches you may probably remember me from the NOK discussion post I made yesterday
Anyways, there’s a lot of talk that posts like my last post is stock manipulation. Anyways I’m not a financial advisor, I JUST REALLY LIKE THE FUCKING STOCK. And of course, I said that I’d post a DD/Discussion thread today. And it’s going to be a long ass read so buckle the fuck up and put some eye drops in your eyes because here we go. 🥴🚀🔥🔥
—If you are a pussyfooting paper handed bitch then you should probably stop reading at this point—
We are at war.
Here’s the map
You see that shit? Make sure you look at the times of arrival. We are prepped and ready for deployment with AMC and BB. We might be 10 minutes late to the game in comparison, but we’ll get there and we’ll get the job done and we will fuck shit up. Not only that but fucking BlackRock inc is the largest share holder of Nokia at 5.6% and they bought a shit ton more shares a couple days ago. If that’s not a big fucking sign then I don’t know what the hell is. ALSO, if that’s not enough for you, ERIC just beat the the ever living shit out of it’s earnings. ERIC also produces 5G tech like NOK and in the US NOK is practically the only one in the 5G game. They’re one of, if not, the best company to invest in for data transfer systems. You know how you’re reading this, right? You also know how you jack off to porn every night? That’s data transfer.
I’m also seeing a lot of you doubting the ever living fuck out of NOK. How about we look at the facts, punks? Last Wednesday the stock hit a record volume of shares traded at 1 BILLION. You need to understand that the moon is fucking possible with this stock. It may not be Monday but it WILL come in the next two weeks. Mark my fucking words. Save the post.
“Oh General Cheese, I’m so scared there’s so much old money in this stock just begging to bring the price down.” 😱😱😱😰😰😰
Yes, but what is an enemy without bullets? 🔫 What’s a few couple billionaires to a superstar group of smooth brained retards in the millions with dreams of grandeur? 🚀🚀🚀What’s an enemy to people who don’t even know what they’re doing? 🥴💫Chaos brings fear. Billionaires hate chaos except when they jack off to their own market manipulation sitting in their luxury condos having fucking grapes fed to them by their own children.
Gear up boys. Earnings will be the most important day this stock will have ever seen for the past couple decades. That’s when the most shots will be fired. Fuck the short ladders, fuck the sellers. It’s their fault they hate money. As for all of us, we are in it for the long term play. I don’t pretend that this is the next GME because it isn’t. But, this stock deserves to show the world its true value. And it’s hella far from what it is by tenfold.
And the bet is still on. If if this fucking stock hits $50 by EOY I will literally eat my own shit in the most crowded park in LA. I will literally buy a fucking gold plate from Dubai or where ever you fucking get those things and sterling silver cutlery. That’s how fucking serious and retarded I am.
Anyways. This is the move.
No attack on any enemy is done with a single weapon and only one strategic play. It is carried out through a series of cascading effects and in this case, Wall Street, Robinhood, Melvin, etc. is the enemy. A ton of retards buying and holding BANG stocks is the ultimate goal. Everyone is expecting GME. Everyone is cheering on GME. Everyone is sucking off GME. In a battle you create a diversion so that reinforcements can come in from the sides and decimate the enemy. This is what we call a “flank”. AMC and BB are ready to attack from the left. I NEED TO KNOW WHETHER YOU FUCKING NOKle HEADS ARE READY TO ATTACK FROM THE RIGHT.
Well? Are you? Hold your positions. Grab your fucking cash because that is a weapon and you buy.
“But general 😰🥵😱 how the hell are we supposed to get NOK when RH is blocking our engagement on the enemy?”
Okay you shellshocked paper handed bitch, this is how we do it.
How do gaslit whores try and make money on tinder?
CASHAPP.
Who doesn’t set a limit on how many NOK shares you can buy?
Coincidentally, CASHAPP.
And how do we get past the defenses while we venture into the jaws of death on Monday?
This is the run down.
Look at your PRICE BY VOLUME CHART on your trading app or whatever the fuck your broker uses and you BUY AT THE ASKING PRICE. For every time you buy NOK at the asking price rather then being a pussyfoot and buying and market price, this is like a grenade to the walls that a stock can generate in terms of its price. RH has it if you have hold but who the fuck uses that? I’m just using that as an example.
So, in conclusion, hold the ever living shit out of NOK, hold the line, and ENGAGE. 🪄🚀💫🌙 🔫🔫🔫
Use Cashapp to get shares, or whatever brokerage you can use to get some. Cashapp is just for the wagecucks. And if you don’t have any money because you’re a wagecuck, you’re going to at least have a pistol going in. (you need weapons for a battle you retard) then use the official NOK password ( BKXDNGQ ) when you sign up and get like 2 shares or something. That’s the only way that I can personally help you in these dark times.
But the light at the end of the tunnel won’t be too far away, retards.
But you have to hold.
You have to believe.
And if that’s not enough for you, here’s a list of reasons to buy the shit out of NOK

1. Most essential 5G patents in the world
2. Fastest 5G speeds recorded
3. Controls over 27% of the 4/5G market
4. First company contracted to set up internet on the moon (NASA)
5. Will receive MULTI-BILLION dollar settlements from ongoing litigations with Mercedes Benz and Lenovo
6. Technology provider and main collaborator of the National Security Center of Excellence 5G Cybersecurity Project (Federal 5G project)
7. Selected to be the main collaborator of the Hexa 6G European Union Project
8. Has pending Department of Defense contracts yet to awarded
9. Just sealed a contract with TMOBILE for US 5G roll out.
10. Has and will take market share from Huawei, already has secured multi-year deals with important Chinese companies
11. Blackrock increased their position to 333,000,000 shares during 2020, an increase of 21 million shares held from the year before (7% increase)
12. May also be getting back into the phone business as they are manufacturing phones in India
13. Vanguard Capital owns 160,000,000 shares and is continuously buying
14. Google Cloud announced a partnership with $NOK to Accelerate Cloud-Native 5G Readiness for Communications Providers

NOK FOR LYFE 💫💫🚀🚀🔥🔥
Edit: WSB mods are trying to keep my silver, sexy, well spoken tongue out of their sub. Maybe I’m too powerful. I never linked a knockoff sub so they can fuck themselves. Just the mods. https://imgur.com/gallery/yf1xniy
Signed,

 General Cheese. 

Wanted to share some of my research on Digital Turbine, which in my view isn’t getting enough attention. The company owns a monopoly in the pre-load app space, has a lot of exciting growth opportunities, and is a great long-term buy. The stock is up over 650% over the past 12 months, so the valuation does seem stretched, but I could see the stock going to $100 within the next 6-12 months if the next few earnings calls don’t disappoint.
Super long post, TLDR on the bottom.
What Does Digital Turbine Do?

• Digital Turbine has created digital software called Ignite and its flagship product Dynamic Installs (70% of revenue) automatically pre-loads apps onto the phone for the Android market ONLY. Basically, if you buy a new Android device and you see Uber or Starbucks installed when you first boot up the phone, Digital Turbine is likely the company behind that.
• Digital Turbine has additional products (30% of revenue) including:
  • Wizard - a pop-up menu that shows up and asks users if they want to add apps onto their phone when booting up a new phone
  • SingleTap - a patented digital ad technology that allows users to frictionlessly download apps with one-click instead of having to go through multiple steps on the App Store
  • Notifications that pop on the user’s home screen recommending apps or content

Business Model

• The power of Digital Turbine’s business model comes from its extensive partnerships. The company has multi-year EXCLUSIVE contracts with many of the major phone carriers like Verizon and AT&T, OEMs like Samsung and LG, and advertisers which consist of 70% of the top apps on Google Play.
• To give you an example of how Digital Turbine makes money, let’s imagine Lyft wants to gain users on Android devices. Lyft could spend $100 marketing on Facebook or Snapchat to get new users but then they’re competing with the hundreds of thousands of other apps spending on ads, OR they could approach Digital Turbine and get a guaranteed number of pre-loaded apps onto phones for that same $100. Digital Turbine touts this to give companies a much better ROI.
  • Roughly a third of the revenue paid by an advertiser goes to the carrier, a third to the OEM, and a third to Digital Turbine
• Carriers and OEMs earn money from advertisers without much work on their end, while app developers are able to access millions of Android devices as long as their app is a good fit for the phone buyer
• To give you a sense of scale for the business, Digital Turbine to date has delivered 4.2 billion apps, has its software on more than 500 million phones, and is adding more than 20 million new devices each month

Growth Prospects

• Macroeconomic / secular trends
  • Though most US users love their iPhones the Android market actually dominates with an 80%+ market share worldwide, and this is not likely to change any time soon
  • Due to COVID-19, a lot of retail stores had to shut down, which resulted in less new phone sales, which means less revenue for Digital Turbine. With the return of the economy and with the next wave of 5G phones which will push customers to upgrade phones, the next few years look favorable for the company
• Mobile Posse
  • The company acquired Mobile Posse, which provides carriers like Verizon and OEMs like Samsung the ability to show phone users third party content through two products:
    • firstAPP which aggregates different media content and is shown right when a user unlocks the phone
    • firstPAGE which shows media content when a user opens the browser
  • The transaction closed in February 2020 and is a great complementary add to Digital Turbine for 3 reasons:
    • The deal was extremely fair in price. Mobile Posse was acquired for $66 million but $24.5 million of that is an estimated earn-out. With the company having generated $59 million in 2019 revenue, the company was purchased just over 1x revenue which in my opinion is a steal considering the company has a 5-year CAGR of 48% and is profitable
    • This acquisition makes Digital Turbine’s entire ecosystem more attractive to its partners by extending its product offerings throughout the life of the phone by being able to constantly show users content and ads. Mobile Posse’s content products will now consist of around a third of Digital Turbine’s revenue which is great because it decreases the company’s dependence on app pre-loads.
    • One of Mobile Posse’s primary carrier partners is T-Mobile which recently merged with Sprint, and this is the last major US carrier that Digital Turbine doesn’t have major business with. According to the latest earnings call, the CEO remains upbeat about signing T-Mobile and Sprint as partners, and the acquisition of Mobile Posse helps makes Digital Turbine more likely to sign on the carrier, which means more devices and an even stronger partnership network.
• International expansion
  • The third and most powerful opportunity for growth is international expansion. Currently, North America revenue accounts for roughly 65% of the company’s sales, but the real golden opportunity lies beyond in developing countries where Android is the dominant player.
  • In December 2018, Digital Turbine signed on Samsung as a partner, which paved the way for the company to sign on Telefonica, Telecom Italia, America Movil, Millicom, and AT&T Mexico in the past 1-2 years. Basically, this means Digital Turbine now partners with 2/3 of the OEMs in Latin America and an estimated 80% of mobile subscribers through carriers
  • The company also has a partnership with Reliance Jio, which covers 25% of the 1 billion mobile subscribers in India and has a partnership with Xiaomi which could lead to partnerships in China
  • All of this is to say that Digital Turbine is truly in the beginning stages of its international expansion, and I believe as investors are starting to see the company successfully execute, it’s beginning to draw more attention and hence why it’s stock has shot up over the past year

Financials

• In the latest quarterly earnings report, the company reported quarter over quarter revenue that is up 116% which is inflated due to the Mobile Posse acquisition but on a combined company basis, sales grew by 53%.
• The company also grew recurring revenue from 10% in the previous year to 40% which is a really good sign because it means revenue will be more reliable moving forward
• The company also reported 43% gross margin in the quarter as compared to 39% in the previous year, another great sign
• Company has just about as much debt as cash (~$17mm) and is profitable and cash-flow positive

Risks & mitigations

• First, is the valuation. Digital Turbine has experienced some explosive growth over the past year and in order to justify its share price, the company needs to execute well especially with its international expansion which is always tricky
  • However, I do think the management team has shown that it has been making all the right moves and I think the path to future growth as I laid out earlier in the video will lead to some nice surprise developments in the next few years
• Second, in its 10K, one of the biggest risks is that carriers or OEMs may start building their own services to work with advertisers, and if a big customer like Verizon or AT&T were to pull out their contracts, that would really hurt the company like when TikTok pulled from Fastly.
  • I think Digital Turbine is aware of this risk and that’s why it’s working hard to diversify its revenue stream by strengthening its product offerings through the acquisition of Mobile Posse and expanding internationally
• Lastly, there’s some criticism that Digital Turbine products are bloatware, and this would only be a problem if customers actually were turning away from devices because of the pre-loaded apps and home screen products Digital Turbine provides
  • Customers can always turn off any of Digital Turbine’s products and delete pre-loaded apps but more often than not, customers end up utilizing the company’s products in one form or another

What I’m Doing

• I’ve started a small position in the company a few weeks ago and plan to hold for the next few years
• Valuation looks a bit overstretched so I wouldn’t bet the farm on it at these prices but if the stock does have any major dips, I am going to treat them as major buying opportunities
• Company’s earnings report is on February 3rd, which will be really interesting to see what happens. Last quarter, the company reported strong earnings but the stock dropped 16% and rebounded quickly
• If the stock dips to the $30s or $40s, that would be an ideal great time to buy

Resources I looked at:

• Latest investor presentation
• 10Qs and 10Ks
• Mobile Posse acquisition presentation
• Company presentation from a Digital Turbine director at a conference

TLDR: Company owns a monopoly in the Android pre-load app space with partnerships with the largest carriers and OEMs in the world not named Apple; lots of good growth prospects including its recent acquisition + international expansion. Expensive stock fundamentally right now but good one to keep an eye on if there are any major dips. Strong buy in the $30s-40s. Medium buy in the $50s. Earnings call on February 3rd should materially move the stock either up or down so will be important to pay attention to that.

By @aaacommie (previously stevia_potatohead) on Instagram | @stalynn07 on Twitter.
Firstly, the Modi Government is an embarrassment on its own. https://m.thewire.in/article/external/narendra-modi-delhi-riots-global/amp?__twitter_impression=true Now let's get into the reasons why everyone should oppose this party of genocidal maniacs. Major trigger warning for many of these. (r@pe, mrder, sic*de, graphic content)

1. The CAA bill. https://cjp.org.in/why-the-caanprnrc-is-a-toxic-cocktail-for-everyone/ https://theprint.in/india/we-are-shrinking-india-by-highlighting-our-differences-young-india-isnt-happy-harsha-bhogle/340710/
   
2. Demonetisation which was a big flop. https://m.businesstoday.in/story/lets-admit-it-demonetisation-was-a-failure/1/281860.html
   
3. Amit Shah corruption. https://www.business-standard.com/article/current-affairs/jay-amit-shah-controversy-criminal-defamation-case-and-top-10-developments-117101000160_1.html
   
4. Gujarat 2002. https://www.theguardian.com/commentisfree/2012/ma14/new-india-gujarat-massacre
   
5. GST https://timesofindia.indiatimes.com/blogs/cash-flow/gsts-problems-are-worsened-by-shoddy-planning-and-poor-implementation-at-the-start/
   
6. Umar Khalid was arrested under a draconian law. https://m.thewire.in/article/rights/modi-government-umar-khalid-delhi-riots
   
7. Sharjeel Imam was arrested under a draconian law. https://www.thequint.com/news/politics/sharjeel-imam-jnu-anti-caa-protests-indian-muslims-modi-government#read-more
   
8. Siddique Kappan wrongfully arrested and also being treated badly in jail. https://indiatomorrow.net/2020/12/23/police-torturing-my-husband-in-jail-alleges-raihanath-wife-of-journalist-siddique-kappan/
   
9. Prashant Kanojia was arrested over a tweet. https://m.economictimes.com/news/politics-and-nation/up-government-arrests-prashant-kanojia-for-fake-tweet/articleshow/77615978.cms?utm_source=whatsapp_pwa&utm_medium=social&utm_campaign=socialsharebuttons
   
10. Stan Swami was treated badly. https://www.outlookindia.com/website/story/india-news-what-message-does-bjp-want-to-give-jharkhand-cm-on-stan-swamys-arrest/361889
    
11. JNU attack. https://m.economictimes.com/news/politics-and-nation/modi-government-faces-unprecedented-criticism-over-attacks-on-jnu-students-by-masked-goons/articleshow/73126289.cms
    
12. Jamia attack. https://m.thewire.in/article/politics/jamia-attack-opposition-parties-reactions
    
13. AMU incidents. https://www.nationalheraldindia.com/india/amu-violence-bjp-rss-attempt-to-communalise-incident-ably-foiled
    
14. Massive criminal records of BJP candidates. https://m.economictimes.com/news/elections/lok-sabha/india/in-2019-general-elections-no-bar-on-candidates-charged-with-murder-or-rape/articleshow/69318220.cms https://www.indiaspend.com/55-of-lok-sabha-mps-facing-criminal-charges-are-from-bjp/
    
15. Undemocratically passed farm bills. https://www.timesnownews.com/india/article/what-is-the-farm-bill-and-why-are-farmers-protesting-against-it/689215
    
16. The new education policy which is a nightmare.
    

https://www.newindianexpress.com/opinions/2020/aug/12/does-the-national-education-policy-miss-out-on-real-issues-2182273.html
https://indianexpress.com/article/opinion/new-education-policy-2020-regional-language-bhasha-medium-schools-6537823/#:~:text=NEP%202020%20does%20not%20tackle,more%20of%20them%20will%20sprout. https://indianexpress.com/article/opinion/columns/nep-national-education-policy-p-chidambaram-6556452/
https://www.cpim.org/pressbriefs/cpi-m-response-new-education-policy-2020-nep https://www.akademimag.com/nep-2020

1. The privatisation of airports. https://www.nationalheraldindia.com/india/airports-for-sale-modi-government-to-privatise-six-more-airports-adani-may-get-all-of-them

https://www.newsclick.in/rail-oil-airports-everything-will-be-sold-slogan-will-be-i-will-not-sell-country

1. New parliament because we really lack parliaments don't we. https://scroll.in/article/980453/the-political-fix-why-indias-new-parliament-building-portends-a-north-south-tug-of-war

https://www.ndtv.com/india-news/central-vista-project-wasteful-and-unnecessary-69-ex-bureaucrats-to-pm-2342251
https://m.thewire.in/article/government/central-vista-parliament-building-redevelopment

1. A statue - the tallest one. https://theprint.in/opinion/even-if-statue-of-unity-becomes-as-famous-as-taj-mahal-we-need-120-years-to-break-even/142596/?amp
   
2. Ram temple. https://m.thewire.in/article/religion/ayodhya-ram-mandir-temple-babr-masjid-bhoomi-pujan
   

https://scroll.in/article/901042/gen-92-on-ram-temple-why-waste-peoples-hard-earned-money-on-shrines
https://feminisminindia.com/2020/09/02/ayodhya-masculinisation-of-indian-politics/

1. Babri demolition issue. https://m.thewire.in/article/communalism/babri-masjid-the-timeline-of-a-demolition also watch the Ram ke naam documentary on YouTube.
   
2. Not providing funds for flood affected Kerala. https://www.indiatoday.in/india/story/no-flood-relief-to-kerala-centre-ignores-left-ruled-state-again-in-fund-release-1634741-2020-01-07
   
3. Modi denies climate change. https://www.climatechangenews.com/2014/09/08/the-miseducation-of-narendra-modi-on-climate-change/ https://feminisminindia.com/2020/03/10/modi-isnt-telling-about-climate-change/
   
4. The transphobic trans bill. https://www.downtoearth.org.in/blog/governance/why-is-transgender-community-unhappy-with-trans-persons-bill--67158
   
5. BJP workers beating up protesting farmers. https://www.telegraphindia.com/india/bjp-workers-thrash-farm-bill-protesters/cid/1793082
   
6. Doctors protesting against mixopathy. https://www.nationalheraldindia.com/india/doctors-protest-intensifies-as-modi-govt-allows-ayurvedic-doctors-to-perform-surgery
   
7. Oppression of dalits increased during NDA rule. https://peoplesdemocracy.in/2019/0407_pd/attacks-against-dalits-spike-%E2%80%98modi%E2%80%99fied-india
   

https://www.shethepeople.tv/top-stories/opinion/caste-in-crime-cases-like-hathras-gang-rape-dalit-woman/

1. Casteism has also been a big issue under this regime.

https://www.edexlive.com/opinion/2019/may/12/chaiwala-chowkidar-and-caste-politics-in-india-does-narendra-modi-talking-about-caste-add-to-his-w-6118.html https://theprint.in/opinion/forget-about-dalit-voters-tell-us-why-upper-caste-hindus-voted-for-bjp-like-never-before/249420/
I recommend watching the documentaries. The die is caste and india untouched. Both of them are available on YouTube.

1. Islamophobia increased under this regime. https://m.thewire.in/article/communalism/this-is-what-the-modi-sarkar-has-done-to-indian-muslims

https://theconversation.com/amp/why-modis-india-has-become-a-dangerous-place-for-muslims-132591?
https://feminisminindia.com/2020/01/02/recent-islamophobic-legislations-bjp-government/

1. BJP protesting against halal. https://www.india.com/viral/hindutva-outfits-trigger-wave-of-islamophobia-to-curb-economic-jihad-bjp-mla-backs-boycotthalalproducts-on-twitter-4030747/
   
2. BJP is anti minority. https://www.theguardian.com/world/2020/feb/20/hindu-supremacists-nationalism-tearing-india-apart-modi-bjp-rss-jnu-attacks
   
3. Removal of article 370. https://www.bbc.com/news/world-asia-india-49234708 https://feminisminindia.com/2020/01/22/siege-normalcy-kashmir-restored/
   
4. Kashmir blackout. https://www.theguardian.com/world/2020/jan/05/the-personal-and-economic-cost-of-kashmirs-internet-ban
   
5. Muzzaffarnagar riots. https://www.nationalheraldindia.com/national/muzaffarnagar-riots-2013-six-years-later-no-closure-yet
   

    https://www.thehindu.com/news/national/other-states/warrants-against-bjp-leaders-in-muzaffarnagar-riots-case/article21822982.ece 

6. Increase in unemployment. https://theprint.in/economy/polls-done-modi-govt-releases-jobs-data-that-showed-unemployment-at-45-year-high/244163/ https://scroll.in/article/914338/the-modi-years-did-indians-find-jobs-or-lose-them
   
7. Farmer suicides increased during modi's government. https://www.asianage.com/metros/mumbai/030220/bjp-regime-saw-more-farmer-suicides.html
   

https://mumbaimirror.indiatimes.com/mumbai/cover-story/figures-double-under-bjp-led-regimes-watch/articleshow/68160764.cms 37. Delhi pogrom. https://www.theatlantic.com/ideas/archive/2020/02/what-happened-delhi-was-pogrom/607198/
https://theprint.in/opinion/delhi-pogrom-2020-is-amit-shah-answer-to-an-election-defeat/371558/
https://www.theguardian.com/world/2020/ma01/india-delhi-after-hindu-mob-riot-religious-hatred-nationalists

1. GDP. https://indianexpress.com/article/opinion/columns/indian-economy-gdp-decline-nirmala-sitharaman-gst-coronavirus-narendra-modi-govt-6587071/ https://www.nationalheraldindia.com/india/six-years-of-modi-govts-rule-has-led-indian-economy-to-near-collapse
   
2. The situation of railways after nda administration. https://www.nationalheraldindia.com/india/axe-of-privatisation-on-indian-railways-one-by-one-national-jewels-are-being-sold-off https://www.deccanherald.com/opinion/panorama/rti-exposes-poor-functioning-of-railways-under-modi-727034.html
   
3. Lies on village electrification. https://www.forbes.com/sites/suparnadutt/2018/05/07/modi-announces-100-village-electrification-but-31-million-homes-are-still-in-the-dark/?sh=35d68a2d63ba
   
4. Failure of beti bachao beti padhao. https://m.thewire.in/article/education/beti-bachao-beti-padhao-scheme-failed https://www.nationalheraldindia.com/india/beti-bachao-beti-padhao-56-of-budget-spent-on-advertising-the-scheme-a-failure-says-sushmita-dev#:~:text=When%20asked%20about%20%E2%80%9Cwhether%20the,for%20improvement%20in%20sex%20ratio.
   
5. Failure of make in India. https://www.outlookindia.com/website/story/opinion-make-in-india-pm-modis-flagship-programme-has-failed-to-deliver-and-numbers-show/347376
   
6. Failure of Ayushman bharat. https://www.epw.in/engage/article/ayushman-bharat-and-false-promise-universal#.X-
   
7. How swachh bharat failed. https://m.thewire.in/article/environment/even-if-data-is-legit-swachh-bharat-will-have-failed-its-open-defecation-goal
   

https://www.thecitizen.in/index.php/en/NewsDetail/index/4/15064/The-Failure-of-the-Swachh-Bharat-Abhiyan 45. Lies spread about shaheen bagh by rss. https://theprint.in/opinion/people-occupation-of-shaheen-bagh-speaks-truth-to-powe351974/

1. Detention centres. https://www.bloomberg.com/features/2020-modi-india-detention-camps/
   
2. The myth of love jihad. https://timesofindia.indiatimes.com/home/sunday-times/how-the-myth-of-love-jihad-is-going-viral/articleshow/79111670.cms
   
3. BJP coming out in support of rapists. https://www.indiatoday.in/india/story/kathua-rape-case-2-bjp-ministers-attend-rally-in-support-of-accused-1181788-2018-03-04 https://gaurilankeshnews.com/rashtriya-savarna-parishad-protests-in-support-of-hathras-thakur-rapists/
   
4. No action on pollution and environment. https://theprint.in/opinion/environment-is-the-most-under-reported-failure-of-narendra-modi-government/223670/
   
5. BJP is anti-reservation. https://theprint.in/opinion/subramanian-swamy-was-right-modis-lateral-entry-plan-will-make-reservations-irrelevant/250311/
   
6. They are Hitler sympathizers. https://t.co/KGzB3ILpsd
   
7. Modi is great friends with trump. https://www.theguardian.com/world/2020/ma02/how-modis-hindu-nationalism-complements-trumps-racism https://www.nationalheraldindia.com/opinion/right-wing-politics-is-similar-in-both-america-and-india-modi-abuses-official-power-same-way-as-trump https://feminisminindia.com/2020/03/02/donald-trump-visiting-india-entertaining-serial-sexual-harasse
   
8. BJP spent money in hiding slums. https://www.theguardian.com/world/2020/feb/18/trump-india-visit-wall-criticism-hiding-poor-people https://www.deccanherald.com/opinion/the-gujarat-model-why-walls-cant-hide-the-truth-806336.html
   
9. The attack on Aishe Ghosh. https://www.hindustantimes.com/india-news/blood-or-paint-on-aishe-s-forehead-bengal-bjp-boss-sparks-outrage/story-8Ue9PQt1tdxrQrOaJ6N2XO.html
   
10. Kapil Mishra incited violence but no action was taken. https://m.thewire.in/article/communalism/delhi-riots-kapil-mishra-minority-commission-report https://feminisminindia.com/2020/06/02/women-activists-behind-bars-kapil-mishra-scot-free/
    
11. Kashmir coup. https://www.theguardian.com/world/2019/aug/10/modi-hardline-hindu-coup-kashmir-threatens-india-democracy
    
12. Problems with the EIA draft 2020. https://timesofindia.indiatimes.com/readersblog/wakeup-india/why-eia-2020-is-not-good-for-environment-23757/
    
13. Rise of unlawful murders in Modi's Gujarat. https://www.bbc.com/news/world-asia-india-16722178
    
14. The extremely bad treatment of migrant workers. https://theprint.in/india/why-did-modi-abandon-us-migrant-workers-hit-hard-by-lockdown-are-angry/439418/
    
15. Gauri Lankesh murder. https://cpj.org/?p=39656
    
16. Modi's control on the media. https://www.nytimes.com/2020/04/02/world/asia/modi-india-press-media.html#click=https://t.co/JkwiLU019Y
    
17. Cutting of Aarey forest https://www.hindustantimes.com/mumbai-news/mmrc-begins-mumbai-metro-construction-work-at-aarey-residents-file-complaint/story-eVUO3LIXLBQoG5azjRNTBO.html
    
18. Aravalli destruction. https://indianexpress.com/article/cities/delhi/gurgaon-residents-take-up-fight-against-road-project-through-aravalli-park-5422577/
    
19. Naming students as Anti National and misguided. https://scroll.in/article/949119/the-daily-fix-how-bjps-politics-of-perpetual-confrontation-is-destroying-india
    
20. BJP's treatment of women. https://feminisminindia.com/2019/04/23/bjp-treating-indian-women/
    
21. Anti Worker and Labour laws. https://feminisminindia.com/2020/02/10/low-wages-no-rights-bjps-amendments-disaster-labour-india/
    
22. The draconian UAPA bill. https://m.thewire.in/article/rights/uapa-bjp-terrorist-amit-shah-nia
    
23. The outrage against the tanishq ad portraying communal harmony. https://feminisminindia.com/2020/10/16/how-the-criticism-against-tanishq-ad-peddles-a-hindutva-nationalist-narrative/
    
24. Hindu Rashtra: Some are more equal than others. https://feminisminindia.com/2020/01/02/hindu-rashtra-some-more-equal-than-others/
    
25. The surplus problem in India. https://feminisminindia.com/2020/06/05/surplus-problem-hunger-food-environment/
    
26. Education in Modi's India. https://feminisminindia.com/2020/03/19/safe-to-get-an-education-modis-india/
    
27. Rohith Vemula. https://feminisminindia.com/2020/01/17/institutional-casteism-4-years-rohith-vemula/
    
28. Modi's communal remark on clothes. https://m.thewire.in/article/communalism/narendra-modi-citizenship-amendment-act-protests-clothes
    
29. Sabarimala issue. https://www.livemint.com/Politics/teonT4drie4Y6T81F7tdSK/Ahead-of-Sabarimala-temples-opening-BJP-holds-protests-aga.html
    
30. The problem with Section 144. https://www.deccanherald.com/opinion/main-article/section-144-chaining-freedom-801890.html
    
31. Lies on Internet Shutdown. https://feminisminindia.com/2019/12/23/lie-digital-india-truth-internet-shutdown/
    
32. Sudha Bharadwaj denied bail without trial. https://m.thewire.in/article/rights/sudha-bharadwaj-bhima-koregaon-case-arrest-bail-health
    
33. Hindi Imposition. https://scroll.in/article/925759/why-imposing-hindi-on-india-is-a-bad-idea
    
34. Homophobia. https://feminisminindia.com/2018/07/18/gay-modi-fans/
    
35. Modi's sexist remarks. https://feminisminindia.com/2015/06/09/despitebeingawoman-and-other-sexist-remarks-by-pm-modi/ https://cpiml.net/liberation/2015/07/modis-misogyny-not-slip-tongue
    
36. Amit shah calls infiltrators 'termites' and says BJP will throw them out. https://www.indiatoday.in/elections/lok-sabha-2019/story/bjp-amit-shah-hindu-refugees-mamata-bannerjee-1499691-2019-04-11
    
37. Arrest of Kafeel Khan. https://m.thewire.in/article/rights/kafeel-khan-arrest-cases-timeline#:~:text=The%20FIR%20was%20filed%20under,Security%20Act%20invoked%20against%20Khan.
    
38. Rewriting history to enforce hindu nationalism. https://www.codastory.com/disinformation/india-reframing-history/
    
39. Shutting up free speech. https://www.thehindubusinessline.com/opinion/columns/from-the-viewsroom/shutting-up-free-speech/article32868339.ece
    
40. Unfair reporting. https://foreignpolicy.com/2020/11/27/why-india-has-become-a-different-country/
    
41. Kashmir votes India hails. https://www.nytimes.com/2020/12/22/world/asia/kashmir-modi-election.html
    
42. Recession. https://www.nationalheraldindia.com/india/six-years-of-modi-govts-rule-has-led-indian-economy-to-near-collapse
    
43. 15 Lakh scam. https://www.indiatoday.in/india/story/pm-narendra-modi-amit-shah-case-ranchi-court-election-promise-1642942-2020-02-03
    
44. Banned from the US. https://www.wsj.com/articles/SB10001424052702303380004579520041301275638
    
45. Malegaon blast; Pragya Thakur. https://www.freepressjournal.in/mumbai/malegaon-blast-case-bjps-pragya-singh-thakur-fails-to-appear-in-court-all-accused-to-now-be-present-on-dec-19
    
46. BJP youth deface the Taj Mahal. https://m.rediff.com/news/2001/oct/14bjp.htm https://www.cpim.org/content/bjp-youth-deface-taj https://zeenews.india.com/news/nation/sc-orders-probe-into-vandalism-at-taj-mahal-by-bjp-youth-wing_23299.html
    
47. Rafale scam. https://m.economictimes.com/news/defence/rafale-deal-largest-defence-scam-in-indias-history-prashant-bhushan/articleshow/66196602.cms https://www.deccanherald.com/national/national-politics/what-all-can-the-court-overlook-in-the-rafale-matter-723110.html
    
48. BJP workers stop flood relief. https://www.business-standard.com/article/news-ians/bjp-workers-not-allowing-relief-funds-collection-in-tripura-cpi-m-118082800785_1.html https://indianexpress.com/article/north-east-india/kerala-flood-relief-cpi-m-leaders-holding-donation-drive-in-tripura-attacked-bjp-denies-responsibility-5330846/
    
49. Suppressing dissent. https://www.hrw.org/news/2019/12/13/dissent-anti-national-modis-india https://www.dnaindia.com/india/report-spreading-violence-suppressing-dissent-is-bjp-s-politics-2457374
    
50. Institutional shooting. https://www.bbc.com/news/world-asia-india-51308376?ocid=socialflow_twitter
    
51. "Desh ke gaddaron ko, goli maro sa**on ko" https://www.indiatoday.in/mail-today/story/delhi-election-ec-notice-to-bjp-anurag-thakur-for-violating-code-1641085-2020-01-29
    
52. Komal Sharma. https://m.thewire.in/article/government/jnu-masked-woman-komal-sharma-abvp-delhi-police-confirm
    
53. Illegal mining scam. https://www.bbc.com/news/world-south-asia-14229386
    
54. Santanu Bhowmick's murder. https://indianexpress.com/article/north-east-india/tripura/three-years-on-slain-tripura-journalists-mother-still-waits-for-justice-6603858/
    
55. Petrol hike. https://www.indiatoday.in/india/story/rising-petrol-prices-what-narendra-modi-said-before-2014-and-his-govt-did-in-4-years-1202628-2018-04-02
    
56. Balakot airstrike. https://scroll.in/article/918686/opinion-on-balakot-and-after-real-mystery-is-how-the-indian-response-has-been-touted-as-a-triump
    
57. Reservations based on economy? Why put a price tag on education in the first place? https://www.thecitizen.in/index.php/en/NewsDetail/index/4/16030/The-Problem-with-Reservation-for-Economically-Backward-Upper-Castes
    
58. Triple talaq bill. https://feminisminindia.com/2018/07/20/muslim-men-women-opposed-triple-talaq-bill/
    
59. Kartarpur corridor. https://www.outlookindia.com/website/story/india-news-kartarpur-corridor-india-pakistan-fail-to-finalise-agreement-over-service-fee-from-pilgrims/337872
    
60. Failure of jan dhan yojana. https://mybs.in/2X8NgpK
    
61. Failure of digital India. https://www.businessinsider.in/budget-2019-has-no-allocation-for-digital-india/articleshow/67793761.cms?utm_source=google_non_
    
62. Surgical strikes. https://www.bbc.com/news/world-asia-india-37702790
    
63. Failure of make in India. https://www.outlookindia.com/website/story/opinion-make-in-india-pm-modis-flagship-programme-has-failed-to-deliver-and-numbers-show/347376
    
64. Free LPG scheme. https://www.financialexpress.com/economy/pm-narendra-modis-ujjwala-yojana-scheme-provided-lpg-access-but-failed-to-promote-its-use-says-study/1833877/ https://m.businesstoday.in/story/modi-ujjwala-lpg-scheme-faces-affordability-problem-not-availability-sbi-ecowrap/1/396361.html
    
65. Failure of UDAN scheme. https://www.indiatoday.in/india/story/pm-narendra-modi-udan-scheme-india-poor-974732-2017-05-02
    
66. Failure of startup India. https://timesofindia.indiatimes.com/blogs/yankeedoodle/why-startup-india-has-failed-how-to-fix-it
    
67. Failure of NELP. https://m.economictimes.com/the-big-story/nelp-has-failed-to-draw-attention-of-big-players/articleshow/2693981.cms?utm_source=whatsapp_pwa&utm_medium=social&utm_campaign=socialsharebuttons
    
68. Failure of hydrocarbon exploration and licensing policy. https://www.outlookindia.com/website/story/indias-new-hydrocarbon-exploration-and-licensing-policy-a-spectacular-failure/307544
    
69. Problems with insolvency and bankruptcy code. https://m.businesstoday.in/story/has-insolvency-and-bankruptcy-code-failed-homebuyers/1/361574.html
    
70. Real estate act problems. https://www.taxmanagementindia.com/visitodetail_article.asp?ArticleID=7359
    
71. Problems with pm's kisan yojana. https://m.thewire.in/article/economy/pm-kisan-farmers-instalments-modi-government
    
72. Bodo peace accord. https://www.outlookindia.com/website/story/opinion-should-we-already-celebrate-the-new-bodo-accord-bjp-modi-assam/347329
    
73. Problems with the national medical council. https://indianexpress.com/article/opinion/columns/bad-prescription-national-medical-commission-bill-5918348/
    
74. Failure of Sansad adarsh gram yojana. https://www.nationalheraldindia.com/india/scroll-journalist-booked-but-modi-govt-own-survey-says-adarsh-gram-yojana-failed-to-achieve-purpose
    
75. Failure of mega food parks. https://m.businesstoday.in/story/food-parks-in-india-fail-to-attract-corporate-investment/1/220531.html
    
76. Flaws in the mudra scheme. https://www.thehindubusinessline.com/opinion/editorial/key-flaws-in-the-mudra-scheme-need-to-be-fixed/article30141264.ece
    
77. BHIM app. https://www.livemint.com/money/personal-finance/why-bhim-is-losing-to-other-apps-in-upi-race-1556007428797.html
    
78. Failure of Atal pension yojana. https://theprint.in/opinion/two-pension-schemes-one-problem-what-modi-govt-didnt-learn/205018/
    
79. AMRUT failure. https://www.thehindubusinessline.com/economy/with-a-year-to-go-for-amrut-just-20-of-urban-facelift-projects-complete/article25972963.ece
    
80. India's groundwater problem. https://www.indiawaterportal.org/articles/india-has-groundwater-problem
    
81. The Char dham project could end up being a disaster. https://scroll.in/article/972069/road-widening-projects-in-himalayas-for-char-dham-pilgrims-could-be-a-disaster-in-making
    
82. Pm's garib kalyan anna yojana was a failure. https://www.financialexpress.com/economy/modis-free-ration-scheme-fails-to-take-off-11-states-didnt-distribute-even-1-foodgrains/2010848/
    
83. On the ultra mega solar power plants. https://www.financialexpress.com/economy/modis-free-ration-scheme-fails-to-take-off-11-states-didnt-distribute-even-1-foodgrains/2010848/
    
84. The failure of HRIDAY. https://housing.com/news/parliamentary-panel-pulls-housing-ministry-failure-utilise-funds/
    
85. Sagarmala project. https://ecologise.in/2017/05/24/sagarmala-the-rs-10-trillion-project-that-is-wrecking-indias-coast/
    
86. SAUNI project. https://timesofindia.indiatimes.com/city/ahmedabad/centre-rejects-6399-crore-demand-for-sauni-doubts-its-feasibility/articleshow/58652697.cms
    
87. E- NAM, yet another failure. https://www.youthkiawaaz.com/2020/06/solving-indias-agrarian-crisis-part-3-is-e-nam-the-solution/
    
88. DRDO. https://m.economictimes.com/news/politics-and-nation/narendra-modi-extremely-unhappy-with-drdos-failure-to-meet-deadlines-in-delivering-products/articleshow/40719955.cms
    

Well, I have been trying to write this from long but my current job was not allowing this. Luckily I left the job and all the miseries associated with it. Anyway, Just a little background, I am an ex-banker and been in crypto from past few years; Have seen ups and downs, pumps and dumps, all the HODL MOON and rekt, and what not. Lately, I am getting lot of requests from people asking about cryptocurrencies or Bitcoin in general. So, I am writing a fully fledged guide here on how you buy, store, transfer and make money out of cypto; Last part is very subjective though..hahah.
Just to be clear, I will focus more on providing relevant resources to learn rather than bullshitting my own advise.

Why Crypto?

Biggest question is why one should ever buy crypto. why one should spend money on something that they can't even touch or feel.
Well, before answering that, let me tell you that we do not live in an Utopia. We live around mean and selfish people, corrupt politicians, filthy rich people who wants to control and peek into every aspect of our life. And Our current system consists lot of intermediaries which result into extra cost, time and chances of fraud.
Bitcoin just came to get rid of such people. It works on a decentralized mechanism where we cut the middleman or centralized institutions out of the system and transfers the trust from humans to computers(nodes), rendering the chances of error and fraud while offering secure and seamless transactions.
Imagine sending millions of dollars from one country to other in real time with fees as low as few dollars. Not to mention, payment is only one use out of thousands that the underlying technology of crypto-currencies blockchain offers. Besides, in terms of investments, it has outperformed every other asset class imaginable in the last decade.

• If you want to dig deeper into technological aspect of bitcoin, there is free online course by Princeton University on youtube- Princeton-Bitcoin
• Also look at the work of Andreas M. Antonopoulos, he is highly sought expert in bitcoin and blockchain technology, known for making complex subjects easy to understand-Aantonop crypto
• If you're a book person- Books to lean about crypto

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How to buy Bitcoin

Now that you know bitcoin and how it works, how do you become part of this revolutionary currency. There are crypto exchanges in almost all the countries and it's easy to buy from your native currency-I am going to list some of India's most popular exchanges:-

Wazirx

( Signup- wazirx.com )
Well, this is my personal favorite. CEO Nischal Shetty is an amazing person. It was the only exchange that was running during the hard times of 2018 when RBI brought circular prohibiting Banks to provide services to individuals or any company dealing in crypto-currencies, especially exchanges. Started it's legendary P2P service during the ban and soon outperformed the every other exchange in terms of users and trading volume in India. Ban was removed and wazirx emerged as a unconquered champion. Currently Wazirx is acquired by Binance and leading as biggest crypto-currency exchange in India.
Step by step guide to sign up- wazirx guideHow to deposit INR- Wazirx deposits

Binance

( Signup- Binance.com )
Binance requires no introduction. It's the biggest crypto currency exchange in the world in terms of trading volume. CEO Chengpeng zhao is a visionary person and is one of the fastest person to become Bllionaire on face of the Earth. It has also launched its p2p trading service in India where people can buy major cryptocurrencies through INR. Without a shadow of doubt, it's the most trustworthy and credible exchange out there. It also offers various other products including Margin trading, futures & options, staking and other investment instruments. Won't be wrong to say, it's a complete crypto ecosystem on it's own. Not to mention, native exchange token BNB( used to save fees) has skyrocketed 150 times from $0.5 in 2017 to $75 recently. Educate yourself with binance- Binance Acadamy

Zebpay

( Signup - Zebpay.com )
Zebpay is one of the oldest crypto exchange in India. Started back in 2015, it used to be one of the most popular exchange in India. Although they ran away with their bag and baggage in 2018 after the govt. regulations but they got back in business recently. Well, Zebpay is not my first choice but it's still better than some other shady exchanges. Besides they have a decent looking app with easy interface.
Not to mention, having an account on multiple exchanges might come handy in a situation of arbitrage. Indian exchanges tend to provide lot of such opportunities ,especially in days of volatility. Step by step guide- Starting with Zebpay
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p2p Exchanges

singnup- Localbitcoins.com
There are people basically who don't trust exchanges and rather prefer to trade more privately. On LocalBitcoins, you are dealing with humans. Unlike centralized Bitcoin trading websites, LocalBitcoins allows you to trade directly with another person. It allow users to create advertisements where they can choose the payment method like CASH/PAYTM/IMPS/NEFT and their own exchange rate for buying and selling bitcoins from and to other LocalBitcoins users. LBTC acts as an Escrow and protects both buyer and seller by keeping the bitcoins safe until the payment is done and the seller releases bitcoins to the buyer. This is very popular among Tax evaders..lol! Just an tip, always choose a safe public place when dealing in cash.
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Before moving further, you should be aware of public and private keys at-least.
Public key- It's large string of alpha numeric key that you use to receive funds. It's called a public key, simply because it is meant to be shared publicly and enable you to receive funds. Private key- A private key is a sophisticated form of cryptography that allows a user to access his/her cryptocurrency.
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How to store crypto currencies:-

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1. Exchange Wallet

This is most widely used and convenient method of storing crypto. You buy from exchange, you let it stay there, sounds very easy. Only downside here is that it is risky. As the history dictates, exchanges are no immune to cyber attacks and there were instances of fraud and robbery with mainstream crypto exchanges like Mt-gox, Bitfinex, Bitgrail, DAO, upbit, where billions of dollars worth of bitcoin were stolen by hackers. So, it really make sense to look for safer alternatives, isn't it? There is saying in crypto, You own your bitcoin only when you have access to your private keys, and in this case, exchanges have it. Although, Exchange wallets poses incredible convenience if you're an active trader and don't want to get into hassle of transefering crypto back n forth.
Most reliable Exchange wallets- Coinbase( works under SEC regulations) Binance(more suitable for altcoins)
just my 2 cents, always have your 2fa enabled for withdrawls.
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2. Hardware wallets

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This is one of the safest way of storing crypto-currencies. Hardware wallet is basically a USB device which saves the private keys securely in an offline manner. It has serious advantage among others because it never allows your private keys to come in contact with internet connected computer or any vulnerable software or attack. Ledger and trezor are some of the most reliable and popular brands, you can also look for Mycelium and
Electrum.
Ledger-https://shop.ledger.com/products/ledger-nano-s
trezor-https://shop.trezor.io/
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3. Paper wallet

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The idea of a paper wallet is very simple. You set up a wallet offline while following some simple instructions and then you simply print out the private and public keys in a piece of paper. The keys will also be printed in the form of a QR code which you can scan in order to get access to your funds. If you use your crypto fairly regular, go for hardware wallet. However, if you are planning to just store your funds for a long time without much interference, then, without a shadow of a doubt, paper wallet is the way to go. There are two paper wallet sites that we would like you to check out:
Walletgenerator.net
MyEtherWallet.com
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How to transfer crypto from one exchange to another:-

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Well, it's the simplest part considering you don't do any mistakes. To transfer any cryptocurrency all you require is the destination wallet address (deposit address). No matter which exchange you wish to transfer your funds to; the exchange will provide you with the receiving address. Make sure that you’ve copied the right address of the coin that you are looking to transfer. Sending coins to a wrong address will result in loss of coins and you have to depend on mercy of exchange to get your coins back.
In general here are the steps to transfer coins from Exchange A to Exchange B.
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1)Go to Exchange B and head to Funds >> Deposits / Withdrawal section.
2)Choose the coin and copy the deposit(receiver) address provided by the exchange.
3)Now come back to Exchange A and head to Deposits / Withdrawal section.
4)Choose your coin that you are looking to withdraw. Then paste the recipient address that you copied from Exchange B.
5)Next enter amount to send and click withdraw. Now you’ll be asked to complete the validation process. It can be either OTP/2FA or email verification depending on what you chose for your account security. Once this step is complete your coins will be sent to Exchange B.
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Ways to make money out of crypto:-

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HODL

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Most easiest way to make money in crypto is simply buy and forget you ever had bought anything. HODL or Hold On for Dear Life is coined for long term investors who beleive in underlying technology and won't sell until the mainstream adoption. It's not just a notion, actually it holds a strong premise. Speaking of which, no one has ever lost money by holding crypto in long term. It's the most volatile market ever existed and can drive people nuts, but only the visionary people with strong will power gonna survive in this mayhem. God bless panic sellers and faint hearted people, bruh this market is not for you.
you bought the peak of 2013? no problem, it made another one in 2017. Now you bought at 20k and crying over your miserable life, no issues it doubled again in 2020. If you really believe in a decentralized society where no one else controlling your money but you , then you're a true hodler.
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Trading crypto

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Well, this is tricky and I won't suggest you to jump into this right away. As the trading is slightly different from conventional markets and highly influenced by sentiments, news & events, supply ,adoption, unlike other markets where fundamental and technical analysis plays a major role. It might as well seem a bit confusing initially but believe me this market offers plethora of opportunities, only if you have the patience and determination to find any . I will try to enlist some steps that can come handy in the process.
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1) Picking an Exchange- It should have the maximum trading pairs with highest liquidity. Binance certainly rings a bell in this category. It's way ahead of it's competition. Some of the major trading exchanges:-

• Binance
• Bittrex
• Kucoin
• Huobi
• Bitfinex
• Wazirx-Indian

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2) Finding an information source :- It's imperative to have information about the coin before jumping into the buying spree. It really boosts the confidence and prevent panic selling in days of bloodbath. Not necessarily to become a blockchain expert here but fundamental knowledge of the premise behind a coin, need it serves, supply and knowing about it's use case would suffice. Listing some of the major information source:-
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• Coinmarketcap - It's a go to place for all the crpto information. A website where you can find information on every coin and token available. The data includes market capitalization, supply, trade volume etc. It also show you the historical data and a link to the official website of the coin. So the site can even be used for cryptocurrency comparisons.

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• Coindesk - One of the major crypto news source. Cover all news around bitcoin and aother cryptocurrencies. Be it events, adoption or a recent rally, coindesk writers will always keep you updated.

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• Coinmarketcal- CoinMarketCal is the leading economic calendar for cryptocurrency news. It covers all events that help crypto traders make better decisions. There are events in a coin life like supply decrease, coin burn, major partnership, product releases that could have imapct on its price action. So, coinmarketcal lists out all such events and allow traders to speculate on price around these events. Kryptocal is another website for the same purpose.

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• Reddit- Without a shadow of doubt, it's a great place to find information and hangout with people having mutual investment interest. Every coin have their official subreddits (can find the link from coinmarketcap) where people talk and post about the things happening around the cryptocurrency. Just to let you know, sentiments plays a major role in deciding the price for a given cryptocurrency. Positive sentiments alone could take a coin to MOON. Look what happened to GME and XRP.

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• Twitter- Since the price is highly influenced by the news, Twitter would definetely keep you up to date. All the crypto currencies, exchanges and their Founders have Twitter handles where they post about all the major updates including partnerships, new releases, upgrades, personal opinions and what not. Always turn on the notification for the coin you're trading. No matter what strategy you were building, a single tweet from their founder can change it's price action beyond imagination. Doge is the most recent example for this correlation. A single tweet from Elon Musk took the coin price up 50% in minutes.

Now, just a tip- Don't chase pumps and dumps. They might look fascination from the surface but beleive me, it's a slippery slope. If you entered at the bottom, then it's well n good, otherwise just be a spectator.
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Passive income from crypto

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• Staking- Staking is the most simple way to earn passive income, as the market pays you for holding cryptocurrencies for a certain period of time. Let me explain you this a bit. All blockchains have one thing in common: transactions need to get validated. Bitcoin for example does this in a process called mining which is known to use a lot of electricity (Proof-of-Work). There are other methods that are used for validation. Proof-of-Stake (PoS) is one such consensus mechanism where people get decesion power in the network by staking coins. By staking , you gain the ability to vote and generate an income. It is quite similar to how someone would receive interest for holding money in a bank account or giving it to the bank to invest. There are plenty of coins to stake with variable rate of interest. Checkout- https://www.binance.com/en/pos

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• Airdrops, forks, and buybacks-
  Airdrops-This is cheapest or free way to earn money from crypto. The concept of airdrop refers to the widespread distribution of cryptocurrency in free to the public in order to gain the userbase. Recently Binance airdropped 100 TWT tokens for all the holders which is around 50 usd as of now. Even the popular coin TRX was given as airdrop which now worth in thousands of USD. You can keep track of Airdrops here:- https://airdrops.io/
  

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• Hardfork- Hardfork happens on blockchain. Sometimes it's hard to put an update on existing chain due to the lack of consensus. So developers split a totally different chain and investor receives equivalent holdings on the new chain. (it’s like benefitting from an error). Ethereum classic forked from Ethereum. BCH for example is the biggest of it's kind, which is forked from the Bitcoin and given as free in same amount to people as per their Bitcoin holdings. They keep happening from time to time and even have positive impact on price action.

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• Buybacks or coin burn- It means a cryptocurrency is bought to be destroyed or ‘burnt’ afterward. It decreases the supply and hence directly increasing the price. Basically it was brought to adjust with the inflation. BNB coin burn is the classic example. Read here- coin burn

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So that's it guys, hope you've learned something here and wish you good luck in your crypto pursuit. And feel free to drop any questions or suggestions.