How can this stock only be valued at a 12 trailing P/E (9x forward)? Strong management, brand, products and 70% earnings growth past 3 years. Latest quarter shows growth (100% YOY) if anything is increasing. Yes growth must slow at some point, but consider the size of the markets Apple is disrupting and changing - phone, computer, TV. Back out $97 billion of cash sitting in the bank, and AAPL is trading at 9.7 trailing P/E. Mind-boggling with interest rates near zero.
It remains a mystery why this isn't a $700 stock, not later this year or next, but right now. In the meantime, I'll just keep buying.