Quote:
Originally Posted by HansTWN
Forget the P/E ratio for past earnings, what matters is P/E ratio for future earnings. Amazon has invested a lot of money during the last 2 years establishing the Kindle reader and tablet range, thus making little profit. But the market considers that to be temporary and thinks they will rake in big profits from those investments soon. Apple is exactly the opposite. They have made lots and lots of profits in the past --- put have shown no clear plan going forward.
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So the market thinks that Amazon will stop investing in the Kindle?