I posted today on Businessgeek about the Apple market capatilisation overtaking that of IBM and Intel, and the subsequent commentary this has provoked.
Essentially I believe that there is nothing to justify the valuation of Apple that high and it actually puts more pressure on the management to perform.
We never seem to get away from our biases. The likability or fan base of a company is worthless if the numbers aren’t there, and Apple do not have the numbers to justify this valuation.
Comments (1)
I don't think it's fair of you to say the stock is over valued. Apple's sales really have improved considerably and you see Apple computers and products in many shows on TV. A company's stock value reflects not only their sales but really the stock owners' confidence in the business and it's products. Right now Apple is offering great products with great customer service reviews as well as gaining market share in the computer world and expanding into new markets such as the phone market. As an investor these are all great signs and warrant attention. I used to be anti-apple like that until I realized what they have to offer. Try to take a step back and look at it objectively and I think you'll see things differently.
Posted by kingtommy![[TypeKey Profile Page]](http://www.geeknewscentral.com/nav-commenters.gif)
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October 26, 2007 2:17 AM
Posted on October 26, 2007 02:17