Growth expectations

Products 2017 2018 2019 2020 2021 2022

Iphone $ 139,337.00 $ 164,888.00 $ 142,381.00 $ 137,781.00 $ 144,670.00 $ 151,904.00
Mac $ 25,569.00 $ 25,198.00 $ 25,740.00 $ 28,622.00 $ 29,481.00 $ 30,365.00
Ipad $ 18,802.00 $ 18,380.00 $ 21,280.00 $ 23,724.00 $ 25,385.00 $ 27,162.00
wareable,home $ 12,826.00 $ 17,381.00 $ 24,482.00 $ 30,620.00 $ 36,744.00 $ 44,093.00
services $ 32,700.00 $ 39,748.00 $ 46,291.00 $ 53,768.00 $ 61,833.00 $ 71,108.00
Product X
Total $ 229,234.00 $ 265,595.00 $ 260,174.00 $ 274,515.00 $ 298,113.00 $ 324,632.00
Growth 0.16 -0.02 0.06 0.09 0.09

Products 2025 2026 2027 2028 2029 2030

Iphone $ 130,328.00 $ 136,750.00 $ 143,588.00 $ 136,408.00 $ 129,588.00 $ 123,109.00
Mac $ 33,181.00 $ 34,176.00 $ 35,201.00 $ 36,257.00 $ 37,345.00 $ 38,466.00
Ipad $ 33,274.00 $ 35,603.00 $ 38,096.00 $ 40,762.00 $ 43,616.00 $ 46,669.00
wareable,home $ 76,192.00 $ 91,431.00 $ 105,145.00 $ 120,917.00 $ 139,055.00 $ 159,913.00
services $ 108,147.00 $ 124,369.00 $ 136,806.00 $ 150,486.00 $ 165,535.00 $ 182,088.00
Product X $ 2,500.00 $ 4,000.00 $ 5,500.00 $ 7,000.00 $ 8,000.00 $ 90,000.00
Total $ 381,122.00 $ 422,329.00 $ 458,836.00 $ 484,830.00 $ 515,139.00 $ 550,245.00
Growth 0.06476801913 0.10812023447 0.08644208662 0.05665204997 0.062514695873 0.06814859679

TREATEMENTDESCRIPTION 2020 2021 2022 2023 2024 2025

Total Expected $ 274,515.00 $ 298,113.00 $ 324,632.00 $ 339,302.00 $ 357,939.00 $ 381,122.00
less Cost of sales $ 169,559.00 $ 184,830.00 $ 201,272.00 $ 210,355.00 $ 221,922.00 $ 236,330.00
Gross Profit $ 104,956.00 $ 113,283.00 $ 123,360.00 $ 128,947.00 $ 136,017.00 $ 144,792.00
less operating expe $ 38,668.00 $ 38,755.00 $ 42,202.00 $ 44,114.00 $ 46,532.00 $ 49,534.00

operating profit $ 66,288.00 $ 74,528.00 $ 81,158.00 $ 84,833.00 $ 89,485.00 $ 95,258.00

Net income $ 57,411.00 $ 65,249.00 $ 60,187.00 $ 62,912.00 $ 66,362.00 $ 70,643.00
Earning per sha $ 3.28 $ 3.89 $ 3.76 $ 4.06 $ 4.39 $ 4.68
EPS GROWTH 0.18597560976 -0.03341902314 0.079787234043 0.081280788177 0.06605922551
FCF $ 73,365.00 $ 74,824.00 $ 68,243.00 $ 71,786.00 $ 74,270.00 $ 79,836.00
FCF Growth 1.99 -8.8 5.19 3.46 7.49

TREATEMENTDESCRIPTIO 2026 2027 2028 2029 2030 2031

Total Expected $ 422,329.00 $ 458,836.00 $ 484,830.00 $ 515,139.00 $ 550,245.00 $ 602,999.00
less Cost of sales $ 261,847.00 $ 284,478.00 $ 300,594.00 $ 319,386.00 $ 341,152.00 $ 373,853.00

Gross Profit $ 160,482.00 $ 174,358.00 $ 184,236.00 $ 195,753.00 $ 209,093.00 $ 229,146.00

less operating expe $ 54,900.00 $ 59,649.00 $ 63,028.00 $ 66,968.00 $ 71,532.00 $ 78,392.00
operating profit $ 105,582.00 $ 114,709.00 $ 121,208.00 $ 128,785.00 $ 137,561.00 $ 150,754.00
Net income $ 78,300.00 $ 85,068.00 $ 89,888.00 $ 95,507.00 $ 102,015.00 $ 111,799.00
 Earning per sha $ 5.18 $ 5.63 $ 5.95 $ 6.32 $ 6.75 $ 7.40
EPS GROWTH 0.10683760684 0.08687258687 0.056838365897 0.06218487395 0.068037974684 0.0962962963
FCF $ 89,790.00 $ 100,589.00 $ 106,854.00 $ 114,159.00 $ 122,620.00 $ 135,339.00
FCF Growth 12.47 12.03 6.23 6.84 7.41 10.37

Net Profit margin ratio

2023 2024
$ 144,308.00 $ 137,093.00
$ 31,246.00 $ 32,214.00
$ 29,063.00 $ 31,097.00
$ 52,911.00 $ 63,494.00
$ 81,774.00 $ 94,041.00
$ 500.00 $ 1,000.00
$ 339,302.00 $ 357,939.00
0.05 0.05

2031
$ 129,246.00
$ 39,620.00
$ 49,936.00
$ 183,900.00
$ 200,297.00
$ 10,000.00
$ 602,999.00
0.0958736562804

DESCRIPTION 2020 2021 2022 2023 2024

Total Expected Revenue $ 274,515.00 $ 298,113.00 $ 324,632.00 $ 339,302.00 $ 357,939.00
Total costs $ 217,104.00 $ 232,864.00 $ 264,445.00 $ 276,390.00 $ 291,577.00
Net income $ 57,411.00 $ 65,249.00 $ 60,187.00 $ 62,912.00 $ 66,362.00
Net Profit margin ratio 20.91361127807 21.88733802283 18.5400699869 18.541594214004 18.54003056387
DESCRIPTION 2026 2027 2028 2029 2030
Total Expected Revenue $ 422,329.00 $ 458,836.00 $ 484,830.00 $ 515,139.00 $ 550,245.00
Total costs $ 344,029.00 $ 373,768.00 $ 394,942.00 $ 419,632.00 $ 448,230.00
Net income $ 78,300.00 $ 85,068.00 $ 89,888.00 $ 95,507.00 $ 102,015.00
Net profit margin ratio 18.5400481615 18.539957631921 18.5401068416 18.54004453167 18.53992312515
 2025
$ 381,122.00
$ 310,479.00
$ 70,643.00
18.53553455324
 2031
$ 602,999.00
$ 491,200.00
$ 111,799.00
18.540495092032