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Sure, Apple will split into iPhoneApple and ChargerApple... after signing an exclusive 100 year contract for ChargerApple to be the sole supplier of chargers to Apple, for a fixed price, blah blah blah trivial workaround.

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You need to se it like this: iPhoneApple is selling off it's charger operations to someone else (it is important that they are different shareholders). Once the companies are split up, iPhoneApple won't want chargerapple to have an exclusive contract, since their phones are worth more if chargers are cheaper. So the only reason they would want to give an exclusive contract to ChargerApple is to sell it for more money. Considering this, they might as well sell it first and then negotiate an exclusive contract. Or hell, maybe they find someone who will pay more for it than their spinnof. At this point, iPhoneApple will realize what every other smartphone maker in the industry realizes: Selling exclusive charger contracts is not worth it.

There are not enough different shareholders in the world to hold all of Apple's divisions.

What entity has billions lying around to buy sections of Apple? Only the US Federal Government, which can print money at will.

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