, Columnist
Apple Wants to Forget Its Year. Investors Shouldn't.
The iPhone maker’s prospects aren’t going to return to the gangbuster glory days.
Photographer: Kena Betancur/AFP/Getty Images
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Apple Inc.’s unhappy year is over. The next one is starting off on the right foot, but expectations may already be ahead of reality.
Apple’s market value touched a record earlier this week of more than $1.1 trillion. Share gains have outpaced the S&P 500 since June as Wall Street started to feel more encouraged about Apple’s prospects after what has been written off as a lost fiscal year that ended in September.