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by sharemywin 1629 days ago
Even positive cash flow isn't a 100% Guarantee. Eventually technology companies will be impacted by the greater economy. Ad revenue and luxury purchases will be hit by a real down turn. How do you justify a 30x P/E ratio if your market segment is flat? Down quarters happen. Apple had massive upgrades this year but how long until the next major overhaul? And if your staring down massive food price inflation do you still go out and buy a new phone? some will but a lot won't. They're also running into supply constraints. How much more screen space can google take up with ads?