Over the next few years , imo..armh will experience the same growth as apple has enjoyed in the past. decade . I am not worried about a high pe when growth and margins keep accelerating. The market has barely been exploited.
Apple is producing end-user product where margins are the highest. ARMH is only a supplier of the chip technology to other companies. Margins are much lower for the suppliers. Right now ARMH is enjoying almost monopoly in this sector. But the higher its profits the more Intel will be salivating to jump in with its chips. So the profit margins will be lower in this case. Or what's worse one day everybody might switch to Intel chips altogether who knows.
So I wouldn't be overly optimistic about its growth prospects.