Well it's been half a week since the votes were tallied up in the dollar based democracy, and the final polls show Apple down by 56 million votes. Pitty since while many users are sucking down the hype that this is a good thing, let's take a look at the harder story. 3rd quarter a year ago. Apple was on the ropes with about 2 billion in cash and an equal amount in valuation. Things were grim and loosing 70 plus million in the 3rd quarter did little to help. This time around, it's 56 which is a lot less than they've lost recently. Except for one problem that everyone is negating to admit. Apple is worth now HALF of what it was a year ago. To say they matched the previous bloodflow loss they would have to loose a scant 30 million. Instead, they lost more. This is not a GOOD thing. But if you look around everyone is crowing that it is. To plagerize Al Frankin: Social scientists call this behavior Pseudo-Certainty. I call it, being a fucking moron.
Monty |
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