Von Aldo
Apple Is Now Valued at 75% of the Market Cap of Europe's Banking Index

Apple Is Now Valued at 75% of the Market Cap of Europe's Banking Index

Android v. Apple: A Battle Royale LoomingFile this one as a "fun fact to know and tell." Or perhaps it indicates a mispricing in the equity market. Is Apple (Ticker: AAPL) really that profitable? Can it be that good? Apparently yes. Read on for more from ZeroHedge.

ZeroHedge says: "That's right: one maker of phones and fads is worth almost as much as all of Europe's banks). We expect parity within a few months. Since Apple's cash generation of about $10 billion per quarter, and growing at ~100% each quarter, means that the firm will have more than a trillion in a few short years, and not a penny in debt on the other side, we are going to go ahead and say what everyone is thinking: Steve Jobs for lifetime Federal Reserve chairman."

But our own stock expert (and former hedge fund analyst) Nate Wendler (his pen name) concluded otherwise in a July 13 post: "Google makes Android available to any cell phone maker, while Apple maintains a closed platform. Google's open platform will end up dominating the space, while Apple will settle for second place, and other players like RIMM and the mighty Microsoft/Nokia collaboration while have to settle for picking up the scraps left over. The core battle will be between Android and Apple, and we believe the winner will be Android."

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish