I think the "future" should be quantified, since infinitely far in the future, who knows?
So, let's say 10 years (the number is arbitrary). If we take the "future" to be in 10 years, that would mean that investor think Google's value will increase by almost 4x while Apple's value stays stagnant (no growth at all).
Either that or they think Google will be stagnant, and Apple will fall by almost 4x.
Or of course, somewhere in the middle. The point is, "the future" isn't well-defined, and it makes businesses like Amazon get to hand wave each quarter.
AAPL goes down 8% to 500 GOOG goes up 4% to 1182
I love Google and it is a great business, but for the life of me I can't understand how they get a 30 PE and Apple gets an 8 PE.