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World wide, Apple has been losing smart phone market share to Android. But they are still kicking @ss in America, big gain in market share. I wonder why the difference? Americans more willing to pay too much?
The stock deserved a correction from this report. Investors pay for growth, not just for profit. My view is their long term competition isn't Samsung or any other hardware-only manufacturer. Their 'big picture' competitors are Amazon and Google, big businesses that sell media.
Icahn should keep his big mouth shut but I agree with him that Apple needs to make that mountain of cash work harder. IMO, they should be looking at buying more content providers and middle-men, thinking of, say, Sony Pictures and Netflix to roll into a new Apple TV service.
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