The real question now is what AAPL is truly worth today without Steve Jobs (may he rest in peace) or iPhone 5 this year. I'm sure the company will report stellar results for last quarter and conservative guidance for the future (as they always do), but is it worth the valuation it is getting now?
I don't know. That's why I'm asking a question. I'm seeing a P/E of 15 when many tech companies are in single digits and I'm seeing Apple reaching $400 billion market valuation while the world economy is on a stand by.
On the other hand, as consumer I love Apple products and see a great growth potential. As an investor, I wonder if June 2012 release of iPhone 5 and projected sales of 4s on Sprint are not too optimistic. I'm also concerned about Apple roll-out in India and China. Just trying to have reasonable expectations.
Cut him some slack, he's a newbie. He's one of those idiots who believes valuation can be determined by PPS alone and nothing else; never heard of P-E, never heard of P-E-G. "Growth? Earnings? Never heard of 'em"
He says things like this: "$300 per share is too high! How can I make any money at that price, I can only afford 2 shares at that price. I'm gonna wait for the 10 for 1 split, then I can afford to buy 20 shares! In the meantime maybe I'll just put all my money into rubber shoes (CROX) or police officer belly and butt boosters (KKD); their products are selling like hotcakes"