I'd like to agree with this...
But then I remember Apple has a $2 trillion market cap. They got there through a closed system, dominate with all their slick network effects & Apple specific products that you need to buy with the phone.
Why?
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What's the market cap of the internet?
And they’d be nothing without the internet.
$100 trillion?
Apple only sold technology as a side effect of selling a perceived lifestyle value. Its a closed system to perceive exclusivity. Slick marketing!