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Silly, unsubstantiated remarks aren't as interesting as they sound in your dorm room. Snarky, wildly inaccurate drivel doesn't lend you any much-needed credibility. If you're unaware of Apple's obsession with lock-in, I'm impressed you can get an internet connection from whatever planet you live on. Apple doesn't need to make any money at all from the AppStore Oh really? They just take a 30% cut because they're kind-hearted? True, it's not a huge chunk of their revenue, but it's a very high margin business and you can be damn sure they will fight to grow it as much as possible. Moreover, your comment about a "pile of gold" is naive. Most companies in the tech sector, Apple included, are expected by investors to maintain a "growth" attitude. If you don't believe me, look at the incidence of dividend payments in high-tech companies versus the market as a whole. Sitting on a huge pile of gold does little to nothing for your stock price[1]; investors want to see up-and-to-the-right. This is a simple, if unfortunate, fact: Apple is on the prowl for every new revenue stream they can find, especially those that print margin dollars, because they must always appear to be a growth company, even though you and I know this is a noble lie at best. [1] other than establish the "ground floor" valuation for your stock; point is, it does relatively little to drive investment when, by comparison, your peers are shoveling their cash hordes into idiotic buybacks and low-return R&D just to keep the illusion that they're taking over the world. I have substantial experience with this phenomenon at the company I work for. |