My bold … and edits
As of this writing
Apple’s market cap is $860B. That’s based on a price to earning ratio of 18.25.
Amazon’s market cap is $696B, with a P/E ratio of 364.98.
And Alphabet? Hot on Apple’s tail with a market cap of $811B and a P/E of 39.09.
In effect, Apple’s stock is grounded in actual results, while Amazon’s stock is more of a flier, based on growth and the thinking that Amazon is going to eat the world.
… and Apple is the one that is ‘doomed’