The Silicon Valley computing giant is stumbling. With news of massive but slowing sales, its stock price fell 6.5% after its results on 27 January to $93.42 from a springtime high of $133. Apple’s market value is now $522.63bn, down from a high of $774.69bn in February 2015.
More curious is how the company has been relatively undervalued: Apple stock’s market value relative to its earnings is about 10, while Facebook’s is about 109 –indicating investors have significantly more confidence in the social giant’s future. Long unassailable, there is now a chink in Apple’s armor.
Tellingly, Apple is no longer seen as the best place for engineers to work, according to several Silicon Valley talent recruiters. It’s a trend that has been happening slowly for years – and now, in this latest tech boom, has become more acute.
http://www.theguardian.com/technology/2016/jan/28/apple-quarterly-results-iphone-silicon-valley-developers?CMP=twt_guSent from my B1-730HD using Tapatalk
