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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

September 21, 2012 at 10:08 AM

Vote: Is Apple stock still worth buying?

With the new iPhone 5 as tailwinds, Apple shares led the stock market higher today. A reader comments: “It is during my short lifetime, but just barely, that there was a day when less than one million shares were traded on the NYSE in a single day. An hour and a half into trading today, 7 + million shares of AAPL had traded hands.”

This on a day that the Wall Street Journal carried a story, “Apple Makes a Wrong Turn,” detailing the company’s move to replace Google’s mapping software with its own and prompting a customer backlash. It is a rare blunder, to be sure, but Apple is still in the new post-Steve Jobs territory. The New Republic trenchantly holds out the possibility of decline. And its shares, at $704, are pricey. On the other hand, its P/E is an affordable 16.62.

What do you think?

Would you buy Apple?

Read on for the best links of the week and the econ haiku:

This Week’s Links:

Comments | More in Apple, Tech economy

COMMENTS

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The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


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