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While Apple is often deemed to be a 'tech' company, theres tech companies and tech companies. Whilst it might share many similarities with Uber for example, the
by benj111 7y ago
While Apple is often deemed to be a 'tech' company, theres tech companies and tech companies. Whilst it might share many similarities with Uber for example, there are important differences and I think in this context saying there isn't a bubble because Apple is sensibly priced is missing the point.
Apple isn't high growth, its making a profit, its business model doesn't depend on a non existent or unproven concept.
Also I don't think Ubers valuation peaked in 2015 either? They seem to have been raising funds on a $50/60bn valuation in 2015, v $85bn when they floated.
- mrosett 7y agoUber’s share price hasn’t increased since 2016 (or maybe 2015? On mobile.) The increase in valuation is essentially equal to the cash they’ve raised since then - 30 billion or so including a big chunk in the IPO.
- benj111 7y agoI'm still not sure lack of growth == crash. I'm trying to reason whether what you say is actually correct. I mean if I have (loss making) company worth $1, with $1 in the bank, then raise $10 spend that on 'growth', 1 year later I have a (loss making) company worth $11, with $1 in the bank. It has increased in 'value', non of the shareholders are seeing the benefit though. I definitely don't think you could say there was a crash though.