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Originally Posted by BWinmill
I wouldn't put too much stock into the value of any corporation's shares unless, of course, I was planning to invest in the company. The problem is that the market is driven by speculation. In the case of media darlings like Apple, I'd go as far as claiming that much of the speculation borders takes the form of gossip. Stuff like, "Now that Apple's daddy is dead ...", and "Did you hear that Samsung ...".
Apple will survive and their share price has very little bearing upon that part. Apple has good products, a loyal customer base, and a huge lump of cash in reserve. Who cares what the fanbois and demonizers think, Apple is a business -- not a contestant in a popularity contests. Apple has to make money. Anything above and beyond is nice, but not necessary.
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Actually I think Apple suffers from much of the same problem as Microsoft, just that the success of the 'i' devices have camouflaged it a bit.
That problem is, "how do we fit into the world we helped create?", and right now Apple doesn't seem to be able to answer that question with confidence. I suspect you'll see some some dumb moves from them in the next year or two, as they flounder around looking for ways to alter their business model to take advantage of our new technological world. Not unlike what we've seen from Microsoft in the last year or two. (and in both companies, there is enough systemic hubris to make their floundering rather entertaining!)
This iWatch thing seems a dumb move to me. An effort to respond to Google Glass, but we'll see.
Maybe they'll get through it, maybe they won't. I remind you that Eastman Kodak practically invented digital photography, and Motorola, cell phone technology. There are many paths to survival, to failure, and to triumphant success. It would be foolish to assume that we know Apple or Microsoft's future. As an investor, "You pays your money and you takes your chances".