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Wall Street: Software More Valuable Than Oil
CWmike writes "The tech industry's answer to this week's stock market roller coaster was delivered on Tuesday by the mighty Apple Inc. Apple saw its stock price rise enough — gaining more than 5% — to briefly surpass Exxon Mobil as the most valuable company in the U.S., according to an AP analysis of its market cap. (Exxon Mobile wound up the day slightly ahead of Apple.) Most of the other major tech companies — including Intel, IBM, Dell, Microsoft and Hewlett-Packard — all finished in positive territory yesterday, as markets made up ground lost in the big sell-off on Monday that also hit oil prices and other commodities.Tuesday's rally may be all that's needed to shake away, at least temporarily, some of the economic concerns the IT industry still faces. By closing in on Exxon, Apple effectively affirmed that there are few limits to tech growth. CW blogger Jonny Evans posits that ideas are why Apple beats Exxon on market cap, noting, 'While Exxon drills, hammers and crushes its way to find its billions, Apple's mind-miners explore myriad complexities to develop and understand new technologies.'"
Apple creates iPhone. Slashdot lapdog AC's like you say "It has no keyboard. Will never sell!" Sells untold millions, for billions of dollars, and now suddenly everyone makes an iPhone clone. You now say "But Android is better".
Apple creates iPad. Whiners like you criticize it as "Just an oversized iPod Touch named after feminine products". Sells untold millions, for billions of dollars, and now suddenly everyone makes an iPad clone.
Where Android licensees compete for scraps at the bottom of the barrel, Apple commands a majority share of all mobile profits.
Smart people have bought AAPL and profited handsomely. You on the other hand hope to bootleg Apps from the comfort of your parent's basement.
You're just a whiny little brat, kicking and screaming that you missed the boat. Apple does in fact do their own R&D, and from the looks of it, Apple does the R&D for Samsung, HTC, Motorola, and .
You cannot make any valid arguments to counter Apple's success so you resort to ad hominem because you know you really have no clue.