01-24-2013, 09:07 PM
Timely article from Bloomberg comparing Apple to Amazon.
Apple made $13.1b in pure profit this last quarter.
Amazon has only made $5b in profit in it's entire lifetime. Not $5b a quarter, not $5b a year...$5b spread out over all 18 years is has been a public company. And that doesn't even include all the money it's lost over most of that time. Bezos himself is worth $25.4 billion, or 5 times as much as the entire profit his company has ever made, and twice as much as Steve Jobs was worth at his peak, despite Apple making hundreds of billions in profit.
Meanwhile Apple's PE is 10.20, or around 7 if you discount cash. Amazon's PE is...3,257.38.
It's very ironic that investors flee a company making money hand over fist, while piling into one that may, possibly, perhaps, one day actually make a little money.
http://go.bloomberg.com/market-now/2013/...s-promise/
Apple made $13.1b in pure profit this last quarter.
Amazon has only made $5b in profit in it's entire lifetime. Not $5b a quarter, not $5b a year...$5b spread out over all 18 years is has been a public company. And that doesn't even include all the money it's lost over most of that time. Bezos himself is worth $25.4 billion, or 5 times as much as the entire profit his company has ever made, and twice as much as Steve Jobs was worth at his peak, despite Apple making hundreds of billions in profit.
Meanwhile Apple's PE is 10.20, or around 7 if you discount cash. Amazon's PE is...3,257.38.
It's very ironic that investors flee a company making money hand over fist, while piling into one that may, possibly, perhaps, one day actually make a little money.
http://go.bloomberg.com/market-now/2013/...s-promise/
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market