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  2. Thinking over Apple's value

    · · Research

    In intra-day trading Apple’s stock price traded at a P/E ratio below 15. That threshold is now at a price of about $315/share. Excluding cash the P/E is under 12. On a forward basis, there is widespread agreement that…

  4. Apple could buy the mobile phone industry

    · · Research

    The second quarter ends in less than two weeks. When it does, I expect Apple will have over $70 billion in Cash, Cash Equivalents, Short-term marketable securities and long-term Marketable Securities. That figure has…

  5. The app industry vs. the music industry

    · · Research

    By my estimate, Apple has paid out $16.6 billion to content owners. $2.5 billion to app developers and about $14 billion to music companies. The developer payments are published by Apple, the music payments are estimated…

  7. iTunes now costs $1.3 billion/yr to run

    · · Research

    The iTunes store continues to grow. The data that Apple published in the last event included the following: As this data is added to the existing data and cross-referenced additional insight into the economics of iTunes…

  8. Getting to one billion iTunes accounts

    · · Research

    There are 225 million iTunes account holders. 25 million joined in the three months. As the iTunes store has been operating since April 2003 it’s possible to step back and look at its history and measure the rate of…