• A conversation with one of the owners of the largest residential builders has revealed that the slowdown in construction activity has indeed commenced. read here

Apple part 1: A $1 trillion company at 18x P/E

23082018_Apple

Apple part 1: A $1 trillion company at 18x P/E

Last week I attended an Apple summit hosted by a prominent Apple analyst. One of the main lamentations shared by both the host and a majority of the audience (for this was not a gathering of investment analysts) was why Apple, the most valuable company and arguably the most recognisable brand in the world, was persistently priced by the market like it was going out of business – all the way up to $1 trillion.

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Daniel Wu is a Research Analyst at MGIM. Prior to joining MGIM in June 2016, Daniel was an analyst in the investment banking divisions of UBS and Goldman Sachs, where he covered the Infrastructure, Utilities, Technology and Media sectors.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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Comments

  1. In my opinion, even though it’s true that Apple didn’t have much of the competition in the past, future looks alot different to it. Huawei already passed Apple this year in q2 2018 to become the number two smartphone vendor. Companies like Huawei and OnePlus are willing to sell premium products for a lot less price than Apple to capture the market share. What’s happening in Indian phone market is a good indicator of future of smart phone sales. So it’s interesring to see how the future looks like for Apple. Thanks.

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