Apple's PE is only 17. ridiculously low considering Apple's revenue/profit/cash growth. Google's PE = 20. Amazon's PE = 134. Both not growing nearly as fast as Apple.
1. Apple's Last quarterly earnings DID NOT include China's iPhone 4S sales. Plenty of room for growth.
2. the iTV will be another billion dollar revenue stream for Apple.
3. NFC. Apple earning $$$ each time 100+ million people use their iPhone/iPod touch to pay for something? we're looking at a whole new ball game fellas.