Well that's not entirely true. AT&T is basically a zero-growth company as well. And they trade at a P/E of 6.7. A similar valuation for a zero-growth Apple woul

Well that's not entirely true. AT&T is basically a zero-growth company as well. And they trade at a P/E of 6.7. A similar valuation for a zero-growth Apple would be about $40/share.