this post was submitted on 11 Jan 2024
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It is pretty arbitrary as others have said.
But tbh, never understood why Apple is so highly valuable in the first place. Consumers are stupid.
Apple is overvalued tremendously imo.
iPod, iPhone, iPad, Apple Watch, AirPods, AirTags. None of those products were the first, just the first competent product that offers good usability in a sea of otherwise mediocre options.
As long as electronics makers keep sleeping at the wheel Apple will be able to capitalize on creating things people actually want to use.
The Vision Pro will be the next test. If it fails, and the follow up doesn’t sell, Apple will face a rude awakening and their stock value will drop. If they can’t succeed in the category after that, it will tank.