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… but in an overall growing market. It’s not necessarily true that competitors are converting owners of Apple devices en masse, it’s much more likely that comp

by arrrg 14y ago

… but in an overall growing market. It’s not necessarily true that competitors are converting owners of Apple devices en masse, it’s much more likely that competitors are able to convert more non-smartphone or tablet users than Apple can. I foresee Apple being just a company that doesn’t grow much in the future but still makes tons of money.

rednukleus 14y ago
They may well be able to hold on to a niche segment in the market with high margins, but the chances of them holding on to a dominant position and high margins are slim to none. This is the reason for their seemingly low P/E.