Quote:
Originally Posted by Fbone
Apple stock is still up 26% for the year and 161% for last five years. Apple investors have done quite well.
In comparison the S&P 500 is up 13% this year and down from five years ago about 2%.
And if you owned a bunch of Apple stock in 2002 ....
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The people who bid AAPL up to $700 did not do well. Past performance, as they say, is not an indicator of future success. Apple has never had competitors. Microsoft
invested in Apple.
The idea that a company -- a big, successful company with a good reputation and deep pockets -- will have product in every category that Apple has product and a closed ecosystem that discourages mixing and matching of products is new. For AAPL to continue to climb, people are going to have to choose Apple over Amazon -- iPad over Fire AND iPhone over aPhone, AND iTunes over Prime. That could happen, but it's not the sure thing it was when Amazon was selling books.