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> Apple sells physical devices for a massive profit. No one else has been able to sell phones/tablets for so much. Apple will keep doing that as long as it can,
by eta_carinae 14y ago
> Apple sells physical devices for a massive profit. No one else has been able to sell phones/tablets for so much. Apple will keep doing that as long as it can, regardless of Google's efforts to undercut.
The article is about Apple's stock price, and I'm not sure you understand how that part works.
Yes, Apple will continue to make billions of dollars every quarter for quite a while, but their stock is likely to drop down significantly in the coming year.
- schraeds 14y agoI'm not sure you understand either. P/E ratio, cash on hand. No reason AAPL shouldn't bounce back from this.
- bitcartel 14y agoHedge funds and Wall Street are probably heading out the door, taking profit and moving onto the next 'story' to trade. http://www.zerohedge.com/news/2012-11-15/remember http://www.zerohedge.com/news/2012-11-15/remember On the other hand, just last month: "Apple is going to hit $1,000 a share by January 2014, and will hit $2,000 by the end of the decade, according to a report." http://www.macworld.co.uk/apple-business/news/?newsid=3402274 http://www.macworld.co.uk/apple-business/news/?newsid=340227...
- Jabbles 14y ago"their stock is likely to..." Why? Don't just assert that it will do something. Their P/E is 12, so why won't it grow? Why haven't traders seen this "likely" scenario and sold/shorted Apple stock?
- jammur 14y agoConsidering their P/E is so low, AAPL is likely undervalued and so their stock is likely to gain in the coming year. A major reason for this current drop is that funds and institutional investors are trying to lock up profits before year end and before any potential rise in capital gains taxes.
- macspoofing 14y ago>but their stock is likely to drop down significantly in the coming year. Care to put some money on it?