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Apple PE is 28, Proctor and Gamble is 22. It hardly seems overpriced. It also has high book value because of huge cash reserves and little debt (if any?). 200
by nytesky 3y ago
Apple PE is 28, Proctor and Gamble is 22. It hardly seems overpriced. It also has high book value because of huge cash reserves and little debt (if any?).
2005 it was a gamble I have no idea, and if they hadn’t invented the iPhone they would have been DOA.
To some degree, they will need another revolutionary product as iPhones seem pretty mature, and I think they are still a little unsteady on that front judging from Vision reviews and sales.