Apple just got lucky that its two major products came out post 2008 as the Federal Reserve started showering our economy with helicopter money.
What better bubble stock (APPL) to be emblematic of our bubble economy with its false prosperity via Federal Reserve flooding the US and the world with fake fiat dollars. This is the only way people can afford Apples overpriced inferior products. Only with this bubble can the snobs, gays, Educrats, pathetic fanbois, government employed drones, useless eaters and urbanites indulge their iPad, iFone fantasies.
Tim Cook should be making a yearly pilgrimage to DC to kiss the ring of the Federal Reserves chairman. The only innovation and real world benefits-improvements since the 2008 deflationary collapse come from our fracking revolution. From our domestic energy sector. Not from stupid Apple commodity products as in..... Numerous manufacturers make similar products that are just as good and better than Apples.
Better enjoy your warm and fuzzies while you can because the next severe downturn will see the Chinese Lenovo buying (hostile take over) Apple to fight the final battle with Samsung.
Apple iPhone release date June 29, 2007
Again, distortions. The money the government pumped into the economy has stayed pretty much on Wall Street. Show us how it has reached Main Street. . .