Archive for September, 2012
Let’s see, Apple has a market cap larger than the GDP of entire countries, the entire tech sector COMBINED, the entire retail sector COMBINED, etc. Amazon, meanwhile, has a massive market cap despite the fact that it has a 1% profit margin. It also appears that the new normal for these companies is increasingly short product cycles paired with less and less improvements in each cycle (see: the Kindle Paperweight…erm…Paperwhite).
Both stocks are clearly in bubbles. Going to be funny when those bubbles pop.