The thing I personally don't understand about Apple's valuation is the China risk. Their current revenues and profit margins require global supply chains (espec

The thing I personally don't understand about Apple's valuation is the China risk. Their current revenues and profit margins require global supply chains (especially between US and China) remain stable. Not saying that's necessarily a bad bet to make, and Apple obviously have a lot of leverage with supplier countries given their size, but they're extremely exposed to geopolitical risk when compared to Google or Microsoft. I guess I just think the valuation should be adjusted down for that risk a bit.