Tuesday, October 20, 2009
Apple Can't Do No Wrong
Just like pseudo model Chrissie Chau, Apple can't do no wrong. If you disagree, you are wrong. In the midst or at least the immediate aftermath of an economic death spiral while most companies are struggling to stay afloat, that's with the exception of Goldman Sachs and JP Morgan Chase, Apple is yet having another stellar quarter. The share price of Apple hit $200 at some point. You can see even people are struggling financially and losing their homes to foreclosures, when it comes to computing, people are willing to pay a premium to be cool or perceived to be cool. You do pay more to be cool, just look at Apple's profit margin. Apple's gross margin is over 32.26% while Dell was around 20.4%. Disclaimer: In the interest of disclosure, I own Apple stock and products (broken G3 iBook and free iPod something, the 512MB gum stick). If you were to lose more than your underwear buying and selling stock, don't blame it on me. I can't be responsible for anybody's stupidity and bad luck.
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