Once again Smith Barney can claim that they're as wise as Salomon. Just the fundamentals, thank you The real reason behind AAPL's new momentum is the obviously terrific financial numbers behind this stock. However, AOL's market capitalization is about twenty times that of Apple. Apple possesses the highest gross margins in the PC industry. Apple also maintains the lowest price to earnings ratio and the lowest price to book ratio and the best price to cash ratio in the PC industry.
Inventory is the best managed in the industry.
Unit sales are trending sharply higher. Dell, Gateway and Compaq all delivered lesser returns on investor's capital during the same time frame. A few unsolicited speculations Apple's prosperity stands in stark contrast to the rest of the PC sector. The situation is especially grim at the retail level, where manufacturers are saddled with store costs not borne by direct and online vendors. The reason for Apple's immunity from the commodification of the PC market appears to be Apple's ability to rise above the fray.