[bigyabai]

People are too long on Apple - their revenue comes from increasingly fragile sources and in all likelihood their current businesses may not exist in 5 years. Tim Cook didn't skate where the puck was headed, and as a result he's operating a uniquely disadvantaged business in 2025. Their hardware margins are jeopardized by tariffs and their software revenue is mostly backstopped by an illegally monopolized App Store. In a realistic scenario where Apple is deprived of these advantages, no amount of lifestyle branding or privacy prestige can prevent them from being unprofitable.

[alissa_v]

Honestly totally agree with this take. Apple's in trouble and most people don't see it yet. Just look at Vision Pro - $3.5k for a headset nobody wants. I've read sales are basically non-existent now that the early adopters are done. They've completely missed the AI wave too. Selling iPhones won't save them if everything shifts to AI and they're playing catch-up. App Store monopoly getting challenged + tariffs eating their margins + no leadership in emerging tech = way more vulnerable than their market cap suggests.