“Thomson Reuters reported that excluding Apple, the entire S&P 500 grew profits at a rate of 4.4%,” Horace Dediu writes for Asymco. “Including Apple the figure is 6.4%.”
“Apple therefore accounted for nearly 8% of the S&P 500 in the last quarter,” Dediu writes. “A year earlier Apple was a mere 6%.”
Dediu writes, “It should therefore be obvious why Apple’s P/E ratio is 16.1 while the S&P 499 P/E ratio is 19.8.”
Full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]