AAPL: Apple Earnings: What's Next?

Apple Earnings: What's Next?
by Michael Shulman

You think the market is rational? Google (GOOG) had 5% profit growth and the stock went up 5%. Apple (AAPL) announced 13.5% profit growth and the stock sold off, after hours, 4%. Google sells for 31 times trailing earnings and has declining average click prices. Apple sells for less than 12 times earnings and average selling prices are stable or increasing across their product lines. read more »

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