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Apple's P/E is just under 22, which is not terribly expensive for a company that just launched a new, multibillion dollar product line (the iPad) and who has th
by karzeem 16y ago
Apple's P/E is just under 22, which is not terribly expensive for a company that just launched a new, multibillion dollar product line (the iPad) and who has the dominant product in a rapidly expanding market (smartphones).
The writer puts it as "Would you rather own Apple or [long list of companies]?" That's a little misleading, because any of those companies could be overvalued or undervalued by the market, and because betting all your money on one company is almost always less attractive than spreading your risk over a dozen different ones.
- deleted 16y ago[deleted]
- phreanix 16y agoDisagree. Depending on the specific market, Asian markets are predominantly brand based, not value based. The crowd gravitates to the trendy brand more than anything, and Apple has been effective in building their brand in asian markets. I'm just saying monthly salary/income doesn't always serve as a barrier to an iPhone or iPad acquisition. I can see the 3G iPad dominating the market in certain countries.
- celoyd 16y agobetting all your money on one company is almost always less attractive than spreading your risk over a dozen different ones. As a minority shareholder, perhaps, but not necessarily as an owner.