Business Insider -
5 Oct 2016 15:58

REUTERS/Stringer "Investors don't seem to have much faith in Apple's future," UBS analysts Steven Milunovich and Benjamin Wilson wrote in a note distributed to clients on Wednesday. Simply put, only 11% of Apple's market cap can be attributed to profits projected more than three years out, according to their calculation. It's the classic problem for Apple stock — it trades at a PE ratio much lower than tech giants such as Microsoft, Amazon, Google, and Facebook. However, the UBS analysts th...
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