Bernstein's Tony Sacconaghi joins the discussion about Apple's (AAPL -0.8%) low valuation (I,...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Bernstein's Tony Sacconaghi joins the discussion about Apple's (AAPL -0.8%) low valuation (I, II), noting it trades at a 6% discount to the market on a forward P/E basis, and that the market is pricing in -2% free cash flow growth beyond FY12. While agreeing Apple's valuation is low, Eric Savitz speculates concerns over Steve Jobs' death, tablet competition, and Apple's enormous size could be weighing on shares.