Idiots who compare apples 500B market cap to csco, msft and exxon
The media cannot stop comparing apple hitting 500B in market cap to csco, msft, exxon and how they all fell from that grace. I’ve only heard once during these compares how apple has a PE of < 15 while csco and msft were 80 back in the bubble when they hit it.
I’d say the fact that apple trades for 1/5th the multiple of those co’s when they were hitting 500 billion market cap is pretty pertinent to that discussion. If only media would mention it while they are on their “apple will be like the rest who hit 500B and then failed” rants