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Technology Stocks : Apple Inc.
AAPL 269.05-0.5%9:30 AM EST
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To: slacker711 who wrote (132551)4/30/2012 12:24:17 PM
From: XoFruitCake  Read Replies (1) of 213172
 
Apple doesnt have a premium PE and it doesnt need one for the stock to get good returns.
Right now look like Apple is going to make some where between $42 to 48 range for fiscal 12 (depending if one is bullish or semi-bearish in the next couple quarter) so Apple is trading around 12x to 14x P/E for current FY. It is neither a growth company type of multiple nor a cyclical company type of multiple. And it can conceiveably trade down to 10 to 12x PE if the earning become too lumpy and it would not be fun as it would be trading in the $400ish to low 500ish range 8-(. I think the underlying smartphone market growth is going to dictate how much longer the Iphone growth run will continue. Apple will have it's share of the high end smart phone market but that market is going to be limited. And the new must have feature is important to keep the Apple faithful keep upgrading every year instead of every three years...
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