AAPL is discounted by the street because they are 'just a hardware maker' ??
So how come all those other companies that are only a '_' have a PE of 20 or 50 or more? Don't get me started on Amazon.
When will Wall Street be rational? (Never, I know)
So then, 15% growth = 15 PE. Maybe.
Maybe jealousy is a factor. Since apple is the company to beat and all.
There seems to be a relentless corporate espionage level campaign to take apple down and is succeeding...