4 ms·
There are a lot of reasons why a fast growing business like Instagram should be trading at higher multiples than Apple. Also the value in NeXT came from Steve
by xkjkls 8y ago
There are a lot of reasons why a fast growing business like Instagram should be trading at higher multiples than Apple.
Also the value in NeXT came from Steve Jobs, not NeXT itself.
- brisance 8y agoAnd Apple is not a "fast growing business"? Have you looked into their "Services" category? IG's REVENUE is claimed to be $10 billion. Apple's Services NET SALES was $9.19 billion. In the last QUARTER. So, yes, Apple is a "fast growing business", and is growing faster than Instagram. If Bloomberg was fair, Apple's services alone is a $400 billion company. Taking a long-term view, IG's revenue comes from advertising i.e. it's a one-trick pony, just like Facebook. Apple is a diversified company; even though iPhone makes up >60% revenue, is anyone with an iota of financial sense going to complain that it's a bad thing?