Quote:
Originally Posted by j.p.s
Apple was around 20 years old when the ipod came out and over 30 for the iphone.
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Sure, but then again, no one was saying at that time that it's no big deal if Apple had a huge loss. It's entirely rational to have a short term loss, if you think the investment will lead to long term profits. But eventually, the investors expect to see a return on investment.