Apple has had two consecutive quarters of falling EPS and revenues , yet its share price is some 18pc higher than it was in as recent as Feb this year. And it’s trading right now at a PE multiple of 28x.
Apple futures showing a prospective 2pc rollover.
The fall from grace of Chinese tech stocks must cast some light that eventually overstretched valuations will come to bite.
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Its Over, page-9731
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