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May all my endeavors fail as spectacularly as the iPad and Apple Pay. In 72 hours Apple Pay became the #1 mobile payment system in the US by a mile. I know, not much of a high bar.
The iPad has had 3 down quarters. Maybe a 4th is on the way too. And yet....Apple sells more iPads than any PC company sells PC's. You can bet Apple is making more margin on it's iPads than those PC companies do as well. The iPad all by itself would rank as a Fortune 500 company.
So sales are down...they are still very healthy, and the iPad is still a very profitable business. And there is still no iPad competitor that's doing any damage to them. The vast growth of "white box" tablets do not take sales away from the iPad.
Samsung, Msft, Sony, Acer -- none of them are doing better in tablets than Apple is.
Meanwhile, Apple has become the world's most profitable company by far and the most valuable. Apple's market cap is 50% larger than the second highest (Exxon). Truly...Apple can handle this "problem"
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