I'm genuinely surprised that you user such an antiquated idea like earnings power to value Apple.

Not only does it ignore the tremendous amounts of free cash flow apple generates and is likely to generate over the next decade

But far more importantly it ignores the tremendous amount of share buybacks they have been doing thereby improving earnings per share even if over all profits stay flat

P s I'm choosing to ignore just how easy it can to be engineer eps growth (short term) atleast for now.

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Great take, thank you! Just 2 weeks ago I released my coverage on Apple, maybe complementary & interesting via multi-faceted angles & sleek charts! Have a great weekend!


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