Watch mobile device
Not to be left out, Apple Inc. (NASDAQ:AAPL) also has been working on wearable technology with its wrist-watch. The long awaited iWatch boasts a touch screen that is able to handle a series of functions from perusing a phone call list to sorting music playlists. According to Apple, “A response to a current text message can even be managed given a simple virtual keyboard configuration across the face of the flexible display.” The company recently submitted a patent application for its latest invention.
Valuation
How are these stocks priced in the market today?
| Ticker | Company | P/E | P/S | P/B | P/FCF | D/E | EPS Growth Next 5 Years |
| NOK | Nokia | 0 | 0.35 | 1.29 | 0 | 0.69 | 5.0% |
| BBRY | BlackBerry | 0 | 0.56 | 0.74 | 8.48 | 0 | 5.0% |
| GLW | Corning | 10.92 | 2.31 | 0.86 | 19.82 | 0.16 | 12.0% |
| AAPL | Apple | 9.65 | 2.43 | 3.14 | 9.12 | 0 | 19.0% |
| MSFT | Microsoft | 15.43 | 3.23 | 3.24 | 11.39 | 0.2 | 8.4% |
| GOOG | 25.6 | 5.46 | 3.83 | 20.54 | 0.08 | 14.4% |
BlackBerry and Nokia Corporation (ADR) (NYSE:NOK) are cheap, but investing in them is a bet on a turnaround. As such, they ought to be cheaper than their peers with currently profitable operations.
Corning Incorporated (NYSE:GLW) and Apple Inc. (NASDAQ:AAPL), on the other hand, are both cheap and currently profitable. The both trade at cheap price-to-earnings valuations and have great growth prospects. Corning trades at a discount to book value, which is particularly compelling considering that some of its value—internally developed R&D and brands—are not recognized on balance sheets.
Microsoft and Google are pricier. Microsoft is only attractive based on its price-to-free cash flow multiple, while Google is richly priced based on multiple valuation ratios.
Conclusion
Investors interested in the smartphone market and new device launches should consider Apple Inc. (NASDAQ:AAPL) and Corning Incorporated (NYSE:GLW) as buy candidates.
The article 2 Smart Buys In The Smartphone Arena You Can’t Pass Up originally appeared on Fool.com and is written by Bill Edson.
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