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iPhone Cases sale AMZN, GOOGL, MSFT, AAPL), which already have the necessary infrastructure, software, and access to greater financial resources, will cap revenue growth and profit margins at industry average rates and eliminate excess returns in the long term. While still being an immature company, DBX will have an above average risk level in the short term and software like reinvestment rates.Growth given my narrative and above mentioned estimates, for the next five years, I will assume a CAGR of 15%, followed by a gradual decrease to 2.9% (10 year T Note rate) in year 10. Profitability in line with my narrative, the target pre tax operating profit margin that I will apply in the valuation model is 25%.iPhone Cases sale
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