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It's currently down over 10% aftermarket. I don't think it's fair to characterize Apple as "down from enormous heights." Throughout 2012, Apple's P/E meandered
by millstone 14y ago
It's currently down over 10% aftermarket.
I don't think it's fair to characterize Apple as "down from enormous heights." Throughout 2012, Apple's P/E meandered between 13-15, which puts it in the company of stocks like IBM and MSFT, and below Oracle. Even at its 700+ highs, Apple's P/E never came close to that of Google. It doesn't seem like a bubble.
- corresation 14y agoSorry I didn't mean to imply that it was a bubble or anything like that, but rather just that having a market cap of $700 billion put them in very limited company. It was a well earned position, however.