#*@§ !
Apple shares are horribly expensive. Apple products are too expensive too! Apple is the opposite of Low Cost Society that I want! I always hated Apple! I hate Apple now! I also hate the fact that I refused to buy Apple before. I hate the fact that Apple consistently proved me wrong as I said: “AAPL is too expensive”:
1 day price hike: +2.75%
5 days price hike: +2.85%
1 month price hike: +12.36%
3 months price hike: +38%
6 months price hike: +44%
1 year price hike: + 116%
5 years price hike: +1134%
Actually i hate the “cool” hype about Apple products.
I don’t understand why people started buying Ipods for hundred of dollars, when they could get MP3 players for tens of dollars.
I don’t understand why people buy expensive Apple Computers, when they could get cheaper Windows or Linux PCs. And… Steve Jobs. Always posing like the good man, telling everybody how cool he is and how lame Bill Gates is… and forgetting that Gates is World’s largest donor, why Jobs is a huge keeper.
i don’t understand Apple. I always hated Apple… I hate Apple now… YET… Something happened…
I read a very good Business Week article about Apple. This article says that Apple without the iPhone (which I already hate too) is worth $114. The article goes on explaining how the iPhone could add a $10 Billion lucrative business to Apple’s businesses. I had to agree with that article, but once again I wanted to prove that AAPL shares are too expensive.
I said since Apple will become a phone builder, let’s compare it with Nokia:
AAPL market Cap: 106.53B. NOK Market Cap: 111.31B. They are similarly priced.
but:
Apple Trailing P/E: 38.92 Forward P/E:30.76 Nokia Trailing P/E : 20.29 Forward P/E: 15.78 Apple is twice as expensive I WAS RIGHT!!!
Looking further down on Yahoo Finance stats… :
AAPL Qtrly Revenue Growth (yoy): 20.80% NOK Qtrly Revenue Growth (yoy):3.70%. Apple is growing, Nokia isn’t.
AAPL Qtrly Earnings Growth (yoy):87.80% NOK Qtrly Earnings Growth (yoy): -6.60% Here is the huge difference. I don’t know what will happen next year, but a +88% compared to a -6% are enough to justify P/E 38 vs P/E 20. Also we should consider that Apple may, with its cool (but expensive) iPhone, steal some of Nokia’s most valuable customers.
Both companies have 12 B cash, which is great…
I should wait till July because I already threw my monthly $1000 on Nvidia, …. but… I hate to say that, I am buying Apple shares in the next 10 minutes! (°°### @## %&$£#!)
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