[x0x0]

but doesn't the low p/e indicate most growth is already priced out of apple?

as of today (numbers from yahoo finance):

   tick  p/e
   amzn  506
   fb     87.6
   goog   30.25
   csco   16.67
   intc   16.55
   hp     16.29
   msft   15.83
   appl   15.4
   ibm    12.4
   twtr   n/a (<0)
   (sorted descending)

[tempestn]

One would think so. It's nice to see a company with a lot of buzz have a reasonable p/e. (As the largest company in the world, how massive could it's growth really be?) I personally had no idea it was so low - especially compared to the likes of Amazon. Of course the price could still drop if earnings do.