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Where is Apple without Jobs? When Steve resigned (2011) they had 108B in revenue, 2015 they had 230B. That's phenomenal growth.

MSFT? 73B in 2012 to 93B in 2015. Solid growth.

IBM: from 103B in 2012 down to 82B in 2015.

So yeah, Apple and MS are growing, while IBM is declining.

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These numbers can be explained with IBM having peaked before Microsoft which in turn peaked before Apple in terms of product development. So Apple's revenues are still growing fast, Microsoft's are growing more slowly and IBM's are declining - with none of them doing new stuff and all of them being past the peak (I'm not sure that's actually true, just saying that grandparent's point/question was what they've done lately/that they didn't do much, and this point is not refuted by revenue growth numbers because revenue lags a lot after product starts. Microsoft's greatest hits by far are still Windows and Office which it develops since the 80s.)

Yet AAPL has the same P/E as IBM lol...Wall Street really hates that company...

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