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In my cursory reading, missed the analysis of iOS divorced from it’s proprietary phone. Android and apps are not tied to a phone manufacturer and Apple products certainly are. The costs of being a phone manufacturer/seller are certainly substantial.
It is an apples to oranges comparison.
Just had to put that in.
DK
I agree with your apples to oranges conclusion... to me it appears as if AAPL is the IBM of the 1970’s and 80’s while GOOG is the MSFT of the 1990’s+ ,,, everything about AAPL is smugness and proprietary and forcing users to use their systems such as iTunes... whatever happened to iPods which you could easily load with existing MP3’s from your computer?