I'm not an Apple basher -- they make some fine products. But this sounds a bit like the heyday of Internet stocks. Exxon has control over a large amount of a crucial natural resource, and is vital to modern industrial life -- but Apple make a pretty nifty phone and thus has a larger capitalization. Yee-Haa!
but Apple make a pretty nifty phone and thus has a larger capitalization.
Apple also makes excellent desk top and laptop computers. Mac computer sales for the last quarter were up 33%. And the iPad has been a huge success. And the iPod touch is still selling very well.
14 posted on 07/29/2010 9:13:20 PM PDT by stripes1776