To improve runtime performance, set @AuraEnabled(cacheable=true) to cache the method results on the client. To set cacheable=true, a method must only get data. It can’t mutate data.
Marking a method as storable improves your component’s performance by quickly showing cached data from client-side storage without waiting for a server trip. If the cached data is stale, the framework retrieves the latest data from the server. Caching is especially beneficial for users on high-latency, slow, or unreliable connections, such as 3G networks.
Prior to Winter ’19, to cache data returned from an Apex method, you had to call setStorable() in JavaScript code on every action that called the Apex method. Now you can mark the Apex method as storable (cacheable) and get rid of any setStorable() calls in JavaScript code.
Example: