VALUATION
確定性估值(SEC EDGAR + Finnhub)
—NO DCF
判定: strong-sell · peers $184.51 (-46.8%) · method: comparables only
⚠ DCF unavailable: same-period, same-currency gross interest expense is unavailable and cannot be assumed zero, so operating cash flow cannot be reconciled to FCFF. Financial evidence and eligible comparables remain available. · Peers swapped to "Mega-cap platform" cohort: Hardware ASP + services-attach (App Store, iCloud, Apple Pay). Hardware-only peers understate services flywheel.