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Apple's P/E was quite low even at the height of the iPhone growth. The expectation for what Apple will sell tomorrow is nothing, because they'll be out of busin
by millstone 11y ago
Apple's P/E was quite low even at the height of the iPhone growth. The expectation for what Apple will sell tomorrow is nothing, because they'll be out of business, and it's been that way for a long time.
Meanwhile, since Google was founded, Apple went from the Mac company to the iPod company to the iPhone company. Apple has a proven ability to reinvent itself, with more agility and success than Google or really any other tech company. But this has never been reflected in the market. The perception you mention is based on who the companies are, not what they do.
Apple could announce all of those products tomorrow, and the needle wouldn't move. Apple is doomed because Apple, and Google is the market's darling because Google.
- marshray 11y agoBy all accounts, Jobs came back and reinvented Apple authoritarian-style. I don't think it's proven that Apple can reinvent itself from within. Which is not to say that they'll never have another hit product.
- epimetheus 11y ago"Apple has a proven ability to reinvent itself" Apple does, or Steve Jobs did? I don't think Cook is anywhere near Jobs. Meanwhile, Larry Page is not only still alive, but is positioning his company so that he still has creative power and final say. As much as I love Apple, I'm not as optimistic of their future without Jobs.
- millstone 11y agoThe market was not optimistic of Apple's future even when Jobs was at the helm.