AAPL’s current P/E is 18 and RIMM P/E right now is 14.66. If you take RIMM’s P/E and apply to AAPL, AAPL should be around $78/share. However, since we don’t know how deep this recession will be, we don’t really know AAPL’s near term future. They do only sell “luxury” product and those are usually the stuff people cut out first. There’s also a lot of rumor about the health of Steve Jobs. Would AAPL still be attractive w/out Jobs?
