“Despite another blowout quarter, Apple shares are still trading at less than 15 times earnings, which is a bargain for a top-flight tech company,” Taylor Tepper and Paul J. Lim report for TIME Magazine.
“Apple enjoyed a banner year in 2014,” Tepper and Lim report. “Spurred by sales of the latest iterations of the iPhone and anticipation of the Apple Watch’s release in April, the company’s stock has risen nearly 50% since the start of 2014.”
“Despite that gain, Apple’s price/earnings ratio, based on projected profits, is just 14,” Tepper and Lim report. “That means the stock trades at an 11% discount to the S&P 500 technology index, even though the company’s earnings are growing 32% faster than the average big tech stock’s.”
Read more in the full article here.
MacDailyNews Take: It figures that the only thing cheap about Apple is its stock price.
Maybe they should announce they’re working on flying cars or teleporters or some other vapor like the Microsofts and the Googles of the world.
Nah, just keep doing what you do, Apple. Shipping smash after smash hit seems to be working. Rather well. 🙂
Shareholders can be rewarded in other ways beyond share price.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]
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