Using the portfolio analysis below, address the following:

How would you assess the company's market and industry performance based on its five-year revenues and earnings results?

How does the company's five-year performance compare to its industry peers over the same time period?

What portfolio recommendations or asset allocation strategies might you consider to improve investment performance?

	Apple (AAPL) Stock
Enter Current Fiscal Year in Cell B2:	2023
Historical Fiscal Year-End Data:	2018	2019	2020	2021	2022		Forecasted Fiscal Year-End Data:	2023	2024	2025	2026	2027			Projections Per Year
Revenues	265,595	260,174	274,515	365,817	394,328		Revenues	354,895	319,406	287,465	258,719	232,847			90%
Cost of Goods Sold	163,756	161,782	169,559	212,981	223,546		Cost of Goods Sold	190,014	161,512	137,285	116,692	99,189			85%
Selling, General & Administrative Expenses	16,705	18,245	19,916	21,981	25,094		Selling, General & Administrative Expenses	21,330	18,130	15,411	13,099	11,134			85%
Research and development	14,236	16,217	18,752	21,914	26,251		Research and development	22,313	18,966	16,121	13,703	11,648			85%
Operating Income	70,898	63,930	66,288	108,941	119,437		Operating Income	121,238	120,797	118,648	115,224	110,876
Net Interest Expenditure	2,446	1,385	890	198	106		Net Interest Expenditure	90	77	65	55	47			85%
Pre-Tax Income	73,344	65,315	67,178	109,139	119,543		Pre-Tax Income	121,148	120,720	118,583	115,168	110,829
Taxes	22,003	19,595	20,153	32,744	35,863		Taxes	30,484	25,911	22,024	18,721	15,913			85%
Net Income	51,341	45,720	47,025	76,395	83,680		Net Income	90,664	94,809	96,558	96,448	94,917
Earnings Per Share	2.5901	2.4752	2.7101	4.57428	5.1603		Earnings Per Share	6.577687	8.0923	9.6959	11.394	13.192			90%
Shares Outstanding	19,822	18,471	17,352	16,701	16,216		Shares Outstanding	13,784	11,716	9,959	8,465	7,195			85%