Monday, February 23, 2015

Economy

Apples self-driving car could supposedly reshape the auto world. The two things Apple produces better than anybody else are hype and profits. Clearly any company with deep pockets that enters the automotive market would reshape the auto world.

Apple's market cap is twice the next biggest company.
"As the iPhone-maker’s shares continue to set fresh record highs, its market cap is now above $765 billion. Combined with Exxon Mobil Corp.'s pullback over the past six months, Apple has pulled off the rare occurrence of being worth at least double any other publicly traded U.S. company. No. 2 Exxon’s market cap has eased to $374 billion."
And its blowing its money on stupid projects.

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