Zhang Fei: You can't discount cash. And sales increases without earnings increases are worthless. Anyone can increase sales without upping earnings.

Zhang Fei: If you discounted cash, a lot of tech companies would be trading at a single digit PE. Dell has a PE of 5 if you discount cash.

danzada: Apple's earnings increased even with one less week to make that money over last year. Point invalid.

Zhang Fei: "Apple's earnings increased even with one less week" AAPL's earnings were flat.

Zhang Fei: The Company posted record quarterly revenue of $54.5 billion and record quarterly net profit of $13.1 billion, or $13.81 per diluted share.

Zhang Fei: These results compare to revenue of $46.3 billion and net profit of $13.1 billion, or $13.87 per diluted share, in the 14-week year-ago qtr.

Zhang Fei: Earnings were $13.1b in both 4Q 2012 and 4Q 2011. 2011 had 1 less week, but 2012 had one more week of Iphone 5 sales and the Iphone 4S was

Zhang Fei: a minor tweak compared to the 5, which was a major upgrade.

danzada: How can AAPL have record earnings if they were flat? My statements are correct no matter how hard you want to spin them to be negative.

Zhang Fei: "How can AAPL have record earnings if they were flat?" That's a good question. When is $13.1b not equal to $13.1b? I wonder what reserve

Zhang Fei: AAPL tapped to get the tens of millions in additional profits just so they could report an earnings figure that was up a fraction of 1%.

Zhang Fei: Maybe AAPL meant a record 13 week quarter. Tres amusing.