Amazon undeservedly absorbs Apple optimism
Bananas and apples
The online retailer’s profit rose a bit in Q4, but the 1.9 pct operating margin remains as slim as the justification for Amazon’s valuation of 165 times expected earnings. Apple’s 32 pct margin fetches it only a multiple of 10. The discrepancy is now even harder to compute.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.