“And, yet, for a brief time in July, the stock markets, arbiters of future fortunes, anointed those five technology companies — Apple, Google, Microsoft, Amazon, and Facebook — as the top five American companies by market capitalization,” Malik writes. “I can’t speak for the mind of the markets, but I do see these companies getting even bigger and more central to our lives.”
“Our economy, for a long while, has been transitioning from one reliant on industrial strength to one based on digital information. The next step in this transition is a digital economy shaped by connectivity,” Malik writes. “High double-digit growth rates on top of already impressive revenues remind me of an aphorism — the big get bigger. ”
Much more in the full article here.
MacDailyNews Take: Yup. It’s the ecosystem, stupid.