The phrase "tech peers" refers to individuals or companies in the technology industry who are on the same level or have a similar status as each other. They can be considered as colleagues or competitors in the technology field. Full definition
It's being valued well below the average stock, and sharply less than its similarly well - known and widely - owned tech peers. (investorplace.com)
That is almost double the equivalent number for its main phone industry competitor, Samsung Electronics, but below U.S. tech peers Alphabet or Microsoft. (cnbc.com)
According to Shawn Harrison, an analyst at Longbow Research, Apple currently pays out 26 percent of its free cash flow, far below the 43 percent average that its large - cap tech peers pay out. (cnbc.com)