Writing for Time, Ben Bajarin refines his Grand Unified Theory on How Wall Street Doesn’t Get Apple:
So to recap: Apple is the most profitable company, can’t make enough products to meet demand and is the most admired by its peers. Yet Wall Street and media fanatics are claiming Apple is doomed. The reality distortion field is in full effect.
Apple has a lower P/E ratio than Amazon, Facebook, Google, Microsoft and now Dell, to name a few. I find this baffling and I would challenge any analyst to articulate to me how Apple is not healthier and stronger, competitively, in the long-term than many of those companies.
That’s what I’d like to know.