Julian Ivan-Alexander

Apple: Biting off More than It Can Chew?

AAPL's PEG is 1.3. AAPL's forward PE is 22. AAPL grows earnings by 30-40% YoY for last 4-5 years. AAPL saw growth of almost 80% YoY last quartter. AAPL guided for 30% YoY growth for this quarter, its "traditionally slowest."
The iPhone, even if it just meets Apple's own sales targets, stands to boost earnings by between 30-40% annually. Possibly more if sales are more.

Someone tell me that doesn't add up to a grossy underpriced stock.