rd4sndk

Cash Is Not Yet King When it Comes to Market Performance

It may not be king but it sure as hell allows one to rest easy at night. look for Apple to add another 4 to 5 billion this quarter to its cash position further distancing itself from the all but XOM and Bershire. How significant is this, Apples cash flow is exceeding revenue growth which is above 20%. In addition, it will only improve as Apple ships more and more iphones at rediculously high GM. I suspect that Apple will have above 45billion in cash by end of 2009.

This boggles my mind to think that Apple has exceed the streets Revenue and earnings estaments for the last 5 years, grown cash reserves over 900% and accelarating growth in all of its major markets but managed to only loss market cap of over 60% this year. A year that is marked with many first for the computer, handset and CE markets. You've got to love the way the market values growth.