Apple’s share price has enjoyed spectacular growth, even while much of the U.S. languished, but even at its current price it remains cheaper than most of mega-cap technology growth companies based on its earnings growth vs. its price-to-earnings ratio (PE).
I am not so sure on this. Looking at the line for airport security I have seen apple products becoming increasingly popular… even fashionable.
Problem with fashion is that it changes. What was fashionable before is not today.
With the quick rise of popularity of apple products, this does not feel any more sustainable long term than flares, mullets and space hoppers. Short term buy, long term sell.
Disclosure; I am an apple user too.