Android has nothing to do with it. It's just investors see where they are in relationship to other companies and think this can't be sustainable. So they keep discounting it's stock. I'm sure when it was trading at $60 no one thought it would get to $80, when it got to $100 no one believed it could get to $150, when it got to $200 it was inconceivable it would go any higher than that but here we are today and it's sitting around $350. Its P/E ratio is being intentionally depressed because analysts are hoping the chair gets kicked out from under them.
Why is that? Because to Wall Street they are unpredictable. Instead of chasing profits they chase customers. When others are firing employees in a down market they are vacuuming the good ones up. And they don't like to share information. Other OEMs announce products months in advance, Apple you get 1 day to 1 month of a heads up. This creates a lot of disruption for analysts. They hate disruptions. And they have a charismatic leader that a lot of people believe is going to kick the bucket any day now. Disruption.
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Android has nothing to do with it. It's just investors see where they are in relationship to other companies and think this can't be sustainable. So they keep discounting it's stock. I'm sure when it was trading at $60 no one thought it would get to $80, when it got to $100 no one believed it could get to $150, when it got to $200 it was inconceivable it would go any higher than that but here we are today and it's sitting around $350. Its P/E ratio is being intentionally depressed because analysts are hoping the chair gets kicked out from under them.
Why is that? Because to Wall Street they are unpredictable. Instead of chasing profits they chase customers. When others are firing employees in a down market they are vacuuming the good ones up. And they don't like to share information. Other OEMs announce products months in advance, Apple you get 1 day to 1 month of a heads up. This creates a lot of disruption for analysts. They hate disruptions. And they have a charismatic leader that a lot of people believe is going to kick the bucket any day now. Disruption.