The difference between Apple and Google in the next 6 months is that Google will show YoY revenue growth while Apple will not. Thats why no one likes it. I agree with you, Its great value as long as you are comfirtable with it just chugging out cash from one Q to the next.

I am pretty cautious on the IphoneSE. 5c did very little and I cant see how this will be different.

I wonder how likely that is.

It seems to me that Alphabet’s recently improved financial performance is down to better discipline. Google doesn’t seem to be making progress with basic problems that appear to be limiting its growth. Google’s best days may be behind it.

On the other hand, I think the current narrative about Apple is suspect. Imagination Technologies performance isn’t a proxy for Apple performance or an indicator of “peak iPhone”. I think their recent reports may indicate that Apple has re-booted A9 supply for an updated iPhone range to be announced tomorrow. Apple may introduce its own graphics processor with the A10 and that could make a big difference to Imagination Tech. They could have problems while the iPhone marches on into budget phone territory.

It’s disappointing that most analysts are still failing to recognise that Apple is unique as a complete platform provider, including well integrated hardware, operating systems, application software and services. Pricing the stock as if it were Dell or HP is just wrong.