Or maybe Steve just scribbled out: "Bill, IOU $500B....thank's for saving my company from bankruptcy."
But...at some point, the market gets saturated, cannot keep growing at that rate forever...they have had a good run. Makes me nervous though as to how long they can keep the same customers in the buying cycle, basically households shelling out $1,000+ every year for the latest greatest Apple products. How many years can they keep that number of households spending that kind of money? $500 billion dollar question there...
I am not going to bet against them though...lol
And that business can be like being the owner of the super-hot bar/night club in town. Packed night in and night out one month...a ghost town the next.
But with a forward P/E at around 10...not a bubble.
Correction...I just checked, their forward P/E is about 10, current P/E = 14. Surprising.
Discovered this the hard way a few weeks ago, we had some bad weather, cable went out so not inter-webz (OMG!). Decided I would just play some SP BF3 campaign instead...but found out the stupid-ass game would not let me play the single player campaign, by myself, because there was no internet connection.
First time ever I have encountered that....truly a WTF? moment. I was like, seriously? You will not let me play my own flipping single player campaign / game without a connection?
I swear, if I had known that before I bought the game, there is a very real possibility I would not have bought the game.
The point is, it's all relative, not so simple as to say, drive a big truck and your an evil a-hole with a tiny soul.
And no, for the record, I do not drive a large car or truck...lol
Washington state, I think it is like 5-7 years that someone has to adversely possess property before they can try to legally call it their own.
Important lesson I remember from my Real Estate Law professor back in college...if you all see that a neighbor has built a fence too far over the property line, or built a shed in the back corner of your property, or anything like that,.... even if you don't care, make sure you get it in writing that you are allowing them (ideally renting to them for $1/year) to use your property.
Otherwise, after that statutory period in your state, you just may discover that back corner of your property is now owned by your neighbor.
And ultimately the person out walking is even being more selfish than the person that did not leave their house.
So, your saying that all people that are selfish enough to leave the house and interact with others....thus putting those other people at risk of being harmed through said interaction, to one degree or another...they all have tiny little souls too. Which makes it pretty much everyone.