Apple Inc. (AAPL) has recently faced a significant downturn in its stock value, with a more than 11% drop in 2024, sparking widespread discussions about the future of this tech behemoth. This decline, as discussed on CNBC Television's "Last Call," has led to speculations about Apple's ability to maintain its leading position in the highly competitive technology sector. Despite this setback, a closer look at Apple's financial performance reveals a different story, one of substantial growth and financial health that may contradict the pessimistic outlook on its stock value.

The company's recent quarterly financials paint a picture of robust growth, with revenue increasing by approximately 33.61%. This is a critical indicator of Apple's ability to generate sales and maintain its market dominance despite facing challenges. Furthermore, the gross profit growth of around 35.69% underscores the company's efficiency in managing its production costs and maximizing profitability. Such figures are essential for investors as they reflect the company's operational success.

Moreover, Apple's net income and operating income have seen remarkable growth, surging by about 47.74% and 49.70%, respectively. These metrics are vital as they show the company's profitability after accounting for all expenses, including taxes and operating costs. The significant increase in these areas suggests that Apple is not only growing its revenues but is also becoming more profitable, a key factor for long-term sustainability in the tech industry.

In addition to these impressive growth figures, Apple's financial health is further evidenced by its cash flow metrics. The nearly 92.97% increase in free cash flow growth and the 84.72% rise in operating cash flow growth indicate a strong ability to generate cash from its operations. This is crucial for funding future projects, paying dividends, and reducing debt. Speaking of debt, Apple's slight decrease in debt by about 2.74% shows a strategic reduction in financial leverage, making the company less dependent on borrowed money and potentially more resilient to financial downturns.

Despite the decline in stock value, Apple's financial performance suggests a company that is not only growing but also managing its finances wisely. The growth in revenue, profits, and cash flow, coupled with a strategic reduction in debt, paints a picture of a company that is likely to continue being a major player in the tech industry. These financial metrics provide a more nuanced understanding of Apple's current position and future prospects, beyond the immediate concerns raised by the stock market downturn.