P/E ratio is irrelevant these days, they can just do buybacks. Then they never need to pay dividends. If people want to cash out, they can just sell their share

P/E ratio is irrelevant these days, they can just do buybacks. Then they never need to pay dividends. If people want to cash out, they can just sell their shares back to Apple. It's more tax efficient too (capital gains instead of income tax). This can work even if earnings were 0.