Apple (AAPL +1.75%) has been an incredible winner for its long-term shareholders. In the past 10 years, the share price has rocketed 1,050% higher (as of Aug. 25), a gain that crushed the overall market’s returns.

There is no variable that highlights how exceptional this company is more than its earnings performance. Apple is one of the most profitable businesses in the world. This is a key catalyst that will keep benefiting investors in the future.

Apple currently trades at just under $310 per share. Here’s why the Magnificent Seven stock could rise by 18% over the next year to $366 per share.

Image source: The Motley Fool.

A robust competitive position supports the bottom line

In its fiscal 2026 third quarter, which ended June 27,…