You probably already know (NASDAQ: AAPL) is the world's biggest company (as measured by market capitalization) as well as one of the planet's most profitable corporations. And for good reason. This is the company behind the world's single most popular smartphone, after all, and it garners fierce loyalty from users thanks to the world's most popular ecosystem of apps and other digital content.

As veteran investors can attest, though, you shouldn't buy stocks based on where their underlying companies were, or even are. You own them for where they're going.

This raises two important questions about Apple and its stock: Where will the company be five years from now, and what might that mean for Apple shares?

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Source Fool.com