a lot of the covid money gouvernments putting in the economy right now will end up in the vaults of Apple. people cannot spend on holiday, cruises, dining, bars, shopping malls. its all closed. but the salaries continue because of gouvernment funding. so there is a lot of short term money around to spend on Apple. 200 is more likely then people currently expect. Anyway, in comparison with all the IPO valuations Apple is impossible cheap. Specially with the M1 Abrahams revolution in mind.
Back in Late December, 2018 when Apple and the entire market was taking a hit, Tim Cook shortly thereafter scheduled an interview with Jim Cramer and sat down with him at Apple HQ the first week in January and essentially stated it will all be fixed and he was very excited about the future of Apple.
That was around the time the stock dropped all the way down to $142 a share pre split. Two years later and a 4 for 1 split along they way, look at where Apple is today as a company! It’s just getting started for the future.
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.]
And that’s just for FY2021/2022. What new marvel will Apple introduce for FY2024?
I’m thinking January earnings 2022 is more appropriate. And I think AAPL will achieve this without expansion of its multiple.
That was around the time the stock dropped all the way down to $142 a share pre split. Two years later and a 4 for 1 split along they way, look at where Apple is today as a company! It’s just getting started for the future.