Apple is boring, but busy.
I like boring, but busy.
Last year, the market took the stock to the woodshed and at one point in December the stock traded to $140.
I was adding to my position and it became my largest stock position and of course they survived.
I joked on Twitter that the headlines should read New Apple Camera Has a Phone!
The beauty of Apple’s distribution and pricing power is that they are actually lowering prices. Josh joked:
Today Apple is about the camera, health (watch), services and price. Future iPhones are now just gravy as analysts expect zilch. A fantastic transition considering the China trade war and their size.
As for their TV and media business…I don’t get it. I wish they would give it all up, write it off and buy Spotify.