Anyone who thinks AAPL has no more room to grow is just wrong.
BCG was commissioned by Google to explore the economy of the web.
The main point of the study:
1. To grow from $2.3tn to $4.2tn thanks to mobile internet access.
2. By 2016 about 80% of all internet users will access the web using a mobile phone.
3. In four years 3bn people will be using the internet, or nearly 50% of the world's population.
The most striking theme to growth is mobile. While mobile is important to Google, it's currently a source of slower growth, with a CPC at -8% for the quarter due to mobile.
But another company proved they are the best positioned for the mobile web, and that's Apple.
The majority of 80% growth in mobile web will come from lower end users. Apple, currently, is only addressing the lower end user with the 3GS. As the newer iPhones emerge, the iPhone 4 will be offered free, globally, across multiple carriers.
Even though the report was commissioned by Google, and Google will benefit from the trend, it will mostly benefit AAPL.
(apologies for the raw link, I'm writing this on my iPhone)