Is AAPL a buy?
With the stock price at $439.98 the P/E ratio is less than 10. That’s an unheard of low P/E ratio for a company as dominant as Apple and that has a huge hoard of cash.
The price dropped last week because profits didn’t increase despite higher sales. But that’s just the normal cost of making sure that Apple maintains its dominance over Android. Once Android is crushed, Apple can raise prices.
What do you think?