Wednesday, August 22, 2012

Apple's valuation infographics

I found the the following infographics interesting, via Azizonomics

Is Apple Really Worth More than the Sum of Microsoft, Dell, Google, Facebook and HP?



But not the book value:
Nor revenue:

And nor earnings before interest, taxes, depreciation and amortisation:

The data suggests that relative to other tech companies AAPL is significantly overvalued. And going forward there is no guarantee that AAPL can justify today’s value by keeping up its dominance of the sector. Tech is an extremely fickle and fast-changing sector where one year’s turkey can be next year’s prize pig. And AAPL’s product lineup is still dominated by products developed under the charge of Steve Jobs — it will take a while longer to fully assess whether or not AAPL can succeed at the same magnitude over the entire product cycle from conception to sales without his leadership.
But I doubt that anything like a sober look at the data will stop the Apple bulls. Because this time is different, right?

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