Considering AAPL is 12X FCF while GOOG is 19X, AMZN in 144X, NFLX is 268X then it’s really pretty cheap...
NFLX is 268X =
A Wall St Darling to force up and down and to profit on the ride up and down. 268x is ridiculous because others will expand their streaming business and eat them up. Amazon could slam them if they had a mind to do it. Maybe fear of anti-trust stops them.
How netflix is perceived as having a permanent dominance stumps me. If you want permanent dominance and a lock in many business areas then look to Amazon. Google comes in second then apple third
Maybe among it's peers. However, AAPL is two product failures away from a corporate entity that may be we worth really 10% of it's present value. Back in late '90's and early 00's, I smartly avoided the technology sector. The sector is awash in risk.