| kowenicki said: will be big... still worth buying... expect $1000 per share at some point in the next couple of years. |
hell no.
Actually I am long put on this one. Gigantic bubble building up. Just a matter of time till it bursts. Could be next year or later. No way it is on the way to more than double the market cap of ExxonMobil (Think about it, one with a extraction of 840 million barrel oil per year, which is 20% of the imported oil by the USA) , the other one building smartphones). It is 2000 all over again. Especially with 3 successful products on the market. The iPhone still makes 50% of the whole revenue of Apple. It still is a cell phone in a very volatile market. Look how fast Blackberry dropped, look how fast Android went up, look how fast Samsung became the biggest manufacturer for cell phones.
So far the shares are driven by the thought that Apple will innovate the next big thing as well. If Google, Microsoft, Samsung or any other company in this industry does, Apple shares will go down rapidly.
But that is the beauty of investment: You never know, so you assume. And assumption is mother of all fuck ups.
Imagine not having GamePass on your console...
