It's misinterpretations like this that confuse the down rampers.
ARM revenue for last quarter was $716 million USD. Approx $1.12 billion AUD.
I'm no mathematician but $1.12 billion x 4 is a lot higher than $2 billion. It's $4.48 billion annually if your abacus isn't handy.
Tech companies can trade at 30 to 40 times their earnings. At 30x, we would only need $300 million in revenue to justify a $9 billion dollar market cap.
It's misinterpretations like this that confuse the down rampers....
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