quote: Overvalued based on what metric?
quote: It won't happen though, and their price will continue to be driven by actual revenue and profit rather than lofty expectations/dreams of growth.
quote: Apple being "worth" more than ExxonMobile? That's all the metric you need. Of course Apple is overvalued. Only an iTard like you would suggest otherwise.
quote: Companies within the tech industry are being incorrectly valued, and we're heading for another tech bubble.
quote: That's patently false. Apple cannot keep growing forever at the rate investors expect, at some point market saturation will be reached or a bad decision will lead to a poor quarter etc etc. When that happens, investors will get weary. There is already a considerable debate by insiders as to weather Apple is a growth or value stock. The fact that they're sitting on tons of capital, and refuse to pay dividends, is holding some sway on that debate.
quote: I've said it again and again, but you should really start using hard numbers and logic to create arguments rather than basing them on rhetoric and emotion.
quote: Are tech stocks routinely overvalued in general? Sometimes yes. This is one such period.
quote: I've beaten you with logic in every single argument we've had, technical and otherwise.
quote: There are many ways to value a stock. PE matters here because actual revenue is the main thing driving AAPL's stock price, not speculation on future growth.
quote: Anyway, people have been saying that Apple is overvalued for almost a decade now, and they give no real reason aside from "because Apple hurr durr"
quote: WOW you really ARE channeling Steve Jobs aren't you? Amazing someone with such a big head can still cram it up his own ass.
quote: And they have all always been wrong every time because you didn't agree. What an ego!
quote: Secondly, this is mostly opinion anyway. There is no solid metric to determine undervalue or overvalue.
quote: That's patently false. Apple cannot keep growing forever at the rate investors expect
quote: Right, and this is a huge reason why Apple's PE is as low as it is. It isn't being priced as a growth stock, that's the whole point. It is priced very conservatively with a price-to-earnings ratio similar to stagnant companies that pay out a dividend. If Apple was priced as a growth stock, even conservatively, it would be worth more than it is now. A moderate 20 PE of Google's would put it over $700, which is insane.