Apple is getting pounded. Apparently, investors aren't charmed by the company's new iPhones, with the stock down since the September 10 announcement.
Apple's estimated 2013 price/earnings ratio is a lowly 12, compared with Google's 25, Amazon's 346, and Facebook's 87. At this juncture, Apple is more like the unloved Microsoft, which has about the same price/earnings ratio. Neither company is catching fire with investors, although activist shareholder Carl Icahn is finding Apple's stock price attractive.
While Microsoft's problem is that Windows, especially for mobile devices, isn't taking share from … Read more