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by bitcoinbutter
2520 days ago
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Disaster is certainly hyperbole. It would imply their business is in jeopardy or something. All this means is a lower P/E ratio in the future. Apple has an absurd amount of cash on hand, and are still earning huge profit. |
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Apple's P/E ratio is around 17, which seems perfectly reasonable for a mature company these days. Investors aren't expecting growth.