The Apple Growth Scorecard
Neither I does understand the current valuation of Apple. Thanks to Dediu, I at least see the problem!
"As the following scorecard shows, the company’s growth is exceptional. That does not seem to be something that is being valued by investors."By Horace Dediu from Asymco.com at http://www.asymco.com/2011/04/27/the-apple-growth-scorecard/