I worry about Apple. They've had a great run, but where can their next $billion market come from?
To an extent, the current share price will be factoring in future growth on the same trajectory as we've observed over the last few years.
To an extent, the current share price will be factoring in future growth on the same trajectory as we've observed over the last few years.
E: I'd like to clarify I'm including stuff like no USB ports in walled garden.
I think people have accepted the walled garden model and they like it.
In a perverse way, their success is partly because of the PC era itself. The lowered expectations people have of computational devices from windows makes. Having something that "Just works" such a blessing, for such a ridiculous portion of all consumers, that their "walled garden" translates into "sanctuary" for most human beings.
IF in the future mature market, other tablets have also reached a stage where "it just works", then its an even playing field.
At that point,the walled garden will be just another field to walk between.
Edited for clarity
It's not the same for, say Amazon. They'll need to earn 5x more to get back in the "standard zone". So investors seem to think Amazon still has a huge growth forward.