'Magnificent Seven' investing playbook: Is Apple a growth company anymore?

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Apple's market reach is quite impressive. But can it sustain its growth?

But there's no need to panic, experts say. The big picture for Apple looks pretty darn impressive.

"Is there another category killer coming down the pike for Apple?" Sosnick said. "I don’t know, but Apple is a mature, dominant player in the smartphone industry, and they have more cash than they know what to do with, which is a tell. A fast-growing company has to use that cash." Nevertheless, there's hope for major growth for Apple, since emerging markets like India represent huge opportunities for Apple moving forward.

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