AAPL is down a good chunk today since the fed’s announcement of raising the key fed funds rate. This results in a 13.5 trailing PE. Are you kidding? I'm not sure if I'm living in Hershey PA - "The sweetest place on earth" (as they say about Hershey Corporation’s hometown)!
Companies absolutely love the subscription model. First, they hook you on to their product. Next, after there isn’t enough growth in subscribers, they increase their subscription rate. I’ve seen this played out many times in the recent past in several industries. It is akin to the guy on the
