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You keep reading me wrong.

I too do not begrudge Apple’s success. I just don’t think it’s worth its market cap. I also fail to understand why so many people become fanatical about Apple, as if it’s a religion or a baseball or football team. I find it very unseemly to be rooting for them, just because they created an item which people seem to adore.

My view is that, Apple might be worth a lot of money right now, and perhaps they’re a company worth, perhaps, $200-400 billion, and not as much as it’s worth on paper now. I base by view and calculations on the simple fact that, Apple is basically a one-horse show, with iPHones. Once iPhone drop from the clouds, Apple will become just another high-tech company, like HP and Dell and Samsung and LG.

You need to be talking to the “keeper of the stats” ... which is Swordmaker ... who regularly supplies the hard data for this stuff. I’ve read it all before, and read it all several times over again, and seen all the articles published at various news agencies around the world, about Apple, so I have no doubt about how ENORMOUSLY SUCCESSFUL Apple is.

The thing is ... I’m just not the one to go over the stats, as I AM NOT AN ECONOMIST, as Swordmaker is. I’ll defer to his analysis, plus all the other articles that I’ve read about Apple. That’s good enough for me.

We’ll wait and see how that pans out with the “keeper of the stats” ... :-) ...

As far as Apple being a “one-horse show” ... just that comment alone, shows me that you have no idea what Apple does. I do believe that this was really answered in the last day to two days - in regards to this “one-horse show” idea which is totally false. I’ll see if I can pull it up again. If it wasn’t directed right at you ... you should have seen enough information on these threads to KNOW WITHOUT A DOUBT ... that Apple is definitely not a “one-horse show” ... LOL ...

My view is that, Apple might be worth a lot of money right now, and perhaps they’re a company worth, perhaps, $200-400 billion, and not as much as it’s worth on paper now. I base by view and calculations on the simple fact that, Apple is basically a one-horse show, with iPHones. Once iPhone drop from the clouds, Apple will become just another high-tech company, like HP and Dell and Samsung and LG.

And you ignore everything else they make. That makes you very ignorant. Apple has $190 BILLION in cash, so you claim at minimum, the company is worth $10 Billion. You math is way off. Apple has $240 in hard assets: land, buildings, and equipment. . . irrespective of good will. That totals to $430 BILLION in book value. . . so you are quite wrong already on your HIGH END of $400 BILLION. Two companies that value TRADE MARK value, the most valuable in the world, and Good Will place Apple's Trade Mark value at between $90 BILLION and $119 BILLION, taking the lower value of that we are now at $520 BILLION in book value. . .

I don't know what kind of math you are using, but it is NO WHERE NEAR real world math. I'm wearing my Economist hat and my ex-CEO hat and frankly, you've demonstrated you haven't a clue about how to value stocks or companies.

Apple at the current price and Market Cap is just around 9 times Earnings. That is very low. YOU want Apple to be selling for between 2.27 times Earnings and 4.54 times Earnings.

If those idiotic PEs were the case, Apple would be in danger of a hostile take over bid. . . BIG TIME. . . and the stockholders would be in revolt, assailing the board room with pitchforks and torches calling for the heads of upper management.

As it was, when the price was lower Carl Icahn was screaming about how under valued Apple stock was. . . and demanded stock buy backs because it was so undervalued!

Apple has returned over $225 BILLION to the stockholders in dividends and stock buy backs in the past two years. . . and you still think Apple's OVER HYPED!?

Keep beating on your dead horse, adorno:

Adorno,
hoping his anti-Apple hobby horse
will get up and win the race!