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Technology Stocks : Apple Inc.
AAPL 267.87-0.9%9:30 AM EST
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To: ChrisGillette who wrote (121974)11/15/2011 11:14:14 AM
From: Doren1 Recommendation   of 213172
 
Chris, not to gang up but another view.

Apple has a P/E of 14 today, if you take out the cash part of that its below 10 I think.

Now think about this: China, the largest consumer economy in the world, (more SUVs are sold in China than the US), is relatively untouched by Apple products. The Chinese seem to love Apple products as prestige items so Apple is poised to expand rapidly in China as are all smart phone companies.

Even if Apple was not selling boat loads of iPads and iPhones they have been expanding their share of computers unlike almost all other computer companies.

And lastly Apple products are sticky. Once hooked few people switch back to competitors, on the contrary the reverse is true.
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