If AAPL were to liquidate and sell everything they own, stores, patents and every single chair and distribute the money to shareholders as they should then you would get about $2650/share.
AAPL should be trading at a premium to the Nasdaq (average 17PE) and at a price of above 700 right now. (post from another board)
Sitting on about 150Bil in Cash (40Bil in US alone) and liquid assets. The trend has been in recent years for PC users to migrate to Apple products. They are innovative and just going through a bit of a rough patch which won't last forever. One timely piece of good news and they could have a $20+ pop at opening bell on any given day.
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