With 20% earnings growth it should be above 1,000 in two years. Apple would be over 1,000 now if the market thought Apple was going to grow by 20% over the next 5 years.
I doubt Apple even has 1% Market share in Europe (if you do not count UK and some nordic countries).
In Spain, Samsung and Sony phones are given away and constantly pushed by the mobile phone companies. Vodafone had been hounding me about getting a Sony Experia or Samsung Galaxy phone for months. I kept telling them I wanted an iPhone 5s (once available). Their response was that it wasn't available (once it was), that it was Apple's fault, but that instead of something expensive, I could get a Samsung Galaxy or Sony Experia for free. In the end, after a number of attempts and constant Samsung offers (including one time when the customer service people laughed when I asked for an iPhone), I got a 5s for the very expensive price of 19 euros.
Amongst people I know who have Android phones, the perception seems to be that the iPhone is too expensive. Now I understand why, in spite of the fact that 19 euros is the most I've ever paid for a top of the line iPhone (the previous ones were free). The Samsung campaign to promote that perception is definitely working and affecting market share for sure, with great help from the companies they subsidize and give incentives to who push Samsung and Sony with a vengeance (or is it that they can't even give them away?).
This might have something to do with European market share, even though I think it's definitely much higher than 1% and probably even quite high in certain markets (apart from the UK and some nordic countries as you mentioned). The perception though has a flip side in that, at least, the "expensive" item is still associated with higher quality, and therefore, is still a very desirable item versus what one can "afford" or was "given" by your mobile phone operator. This quietly works in favor of Apple in my opinion.
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I thought babies went on tree tops not iPads.
With 20% earnings growth it should be above 1,000 in two years. Apple would be over 1,000 now if the market thought Apple was going to grow by 20% over the next 5 years.
I doubt Apple even has 1% Market share in Europe (if you do not count UK and some nordic countries).
In Spain, Samsung and Sony phones are given away and constantly pushed by the mobile phone companies. Vodafone had been hounding me about getting a Sony Experia or Samsung Galaxy phone for months. I kept telling them I wanted an iPhone 5s (once available). Their response was that it wasn't available (once it was), that it was Apple's fault, but that instead of something expensive, I could get a Samsung Galaxy or Sony Experia for free. In the end, after a number of attempts and constant Samsung offers (including one time when the customer service people laughed when I asked for an iPhone), I got a 5s for the very expensive price of 19 euros.
Amongst people I know who have Android phones, the perception seems to be that the iPhone is too expensive. Now I understand why, in spite of the fact that 19 euros is the most I've ever paid for a top of the line iPhone (the previous ones were free). The Samsung campaign to promote that perception is definitely working and affecting market share for sure, with great help from the companies they subsidize and give incentives to who push Samsung and Sony with a vengeance (or is it that they can't even give them away?).
This might have something to do with European market share, even though I think it's definitely much higher than 1% and probably even quite high in certain markets (apart from the UK and some nordic countries as you mentioned). The perception though has a flip side in that, at least, the "expensive" item is still associated with higher quality, and therefore, is still a very desirable item versus what one can "afford" or was "given" by your mobile phone operator. This quietly works in favor of Apple in my opinion.
Just pondering...