Comment by user00005
6 hours ago
Well, Apple did just hit a 5 trillion market cap with a PE ratio of 41.
With hardware prices increasing, selling financially challenged people on 'cheap' monthly payments seem like one way to keep the stock price pumped at these levels.
I guess they are one of the good trillion corporations though?
https://finance.yahoo.com/technology/article/apple-tops-5-tr...
> With hardware prices increasing, selling financially challenged people on 'cheap' monthly payments seem like one way to keep the stock price pumped at these levels.
I feel like some people are ignoring the fact that "financially challenged people" have always been paying monthly payments for their phones via their carrier's lease programs, which are very popular and have been a thing since the first iPhone.
People need phones, this is a good program.
> I guess they are one of the good trillion corporations though?
This but unironically
“Financially challenged” people never paid for their phones with cash
They were probably using credit cards at 29% to buy the exact same phones that are now 0%
Net net it’s a win