“As soon as California’s Disneyland was completed, Disney knew he had made a terrible mistake by not securing the surrounding real estate,” Schwarz writes. “He had built this wonderful Walt Disney destination but his oversight allowed hotel chains and restaurants to come in and make more money off his customers than he did. So Disney immediately went to Orlando, Fla., and built Disneyworld the right way.”
“The moral of the story is that Apple isn’t something you want to depend on for your livelihood. Jobs’ goal is to build a closed digital neighborhood where Apple controls who makes money and who doesn’t,” Schwarz writes. “I’ll bet that in one of those Apple board meetings that Google CEO Eric Schmidt used to attend, he realized that Jobs was on the verge of building AppleWorld and he’s been scared ever since.”
Schwarz writes, “Google has no moat around its search. Users can change their habits in a day and they will. Jobs thinks mobile advertising is terrible and is ready to revolutionize it with Apple’s purchase of Quattro. Why should he allow Google to make money off the billboards in his neighborhood?”
Schwarz writes, “Apple’s stock is at $210, Google shares are at $585. Twenty-four months from now, the two stocks will have changed places.”
Full article here.
[Thanks to MacDailyNews Reader “Dale E.” for the heads up.]