WS values recurring revenue much more so than it does from physical produces, hence the higher ISM (Investor Sentiment Multiplier).
On the bright side, as Apple’s Services revenue become an ever larger percentage of total revenue we can see (from MSFT’s example) where AAPL’s ISM may go.
That example only requires AAPL’s EPS to be about $13.50 to reach a value of $400.
Philip Elmer-DeWitt has been covering Apple since 1983 — mostly for Time Magazine (28 years), later for Fortune (9 years), where he wrote a daily blog called Apple 2.0. [Read more.]
Joseph Bland on Premarket: Apple was green, turned red '@ Jerry: “In that scenario, who needs the stock market investment path” The flip side of that is the horrendous…'
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Perfect observation.
On the bright side, as Apple’s Services revenue become an ever larger percentage of total revenue we can see (from MSFT’s example) where AAPL’s ISM may go.
That example only requires AAPL’s EPS to be about $13.50 to reach a value of $400.
Easy, peasy, Japaneasy.