Apple, end of the cycle or time for an expansion?

Adil Reghai, head of quant research, equity markets, Natixis After strong gains for Apple Inc. (NASDAQ:AAPL) shares over the past few months (possibly due to the lead up of the iPhone 5 release this fall), one cannot help but wonder what the future holds for it. Looking back through recent history, tales of innovative companies suffering sudden reversals of fortune are not difficult to find. Adil Reghai, head of equity markets quant research at investment bank Natixis, analyzes the numbers to ask whether the company will continue to expand or whether the cycle of positive gains nears its end. Apple and innovation Apple…