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So the stock should regress to the mean by this logic since it's up 100% since then?

• melling 4y ago
  Nope. That logic might be correct if Apple’s profits were 100% from the Mac. There’s this smaller device called the iPhone…
  • maest 4y ago
    It's not even that -- the relevant measure is revenue beat/miss, not absolute numbers.
  • arberx 4y ago
    True. However, Apple is currently priced at 30x P/E. Lots of growth is priced in.
    • pertymcpert 4y ago
      Wow, only 30x?
  • gumby 4y ago
    > There’s this smaller device called the iPhone… Oh yeah! When it launched, Jobs said they hoped to eventually get 1% of the phone market. How did they end up doing?
    • musicale 4y ago
      Crushed by Blackberry, Palm, Nokia, and Windows phone, just as everyone predicted.