Apple could've built lower-priced phone that keeps margin %. Chose not to, believing it not good enough. Street doesn't care about quality.
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@monkbent Amazon share price? -
@eric_perlberg@monkbent good one.$AMZN valuation really baffles me. Seems like a clear indication that the market is very irrational. -
@anandabits@eric_perlberg lots of growth potential -
@monkbent@eric_perlberg always is when you're starting out near zero (profit) :) future scenarios that justify the valuation unimaginable -
@anandabits@eric_perlberg very imaginable. I think you meant improbable? -
@monkbent@eric_perlberg Amazon is a great company in many ways, just not worth anywhere near current valuation. -
@anandabits@eric_perlberg what is the bear case for Amazon? How are they threatened? -
@monkbent@eric_perlberg no need for threat to see them as enormously overvalued. What is the case future earnings will justify valuation? - 6 more replies
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@monkbent But why is growth the only god Wall Street worships? -
@stevensperra that is a deep and important question that takes more than 140 characters :)
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@monkbent compare Apple’s share price pre/post announcement to that of carriers. There’s some lunacy in that alone.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@monkbent But what Apple does have is majority share in the high-end to luxury market in smartphones, which is where the money is.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@monkbent Wall Street doesn't get Apple full stop, Apple does not run in a way that makes sense to the Wall Street mind set.Thanks. Twitter will use this to make your timeline better. UndoUndo
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