“I’m baffled. As an industry observer and analyst who studies this industry and the companies within it, I am baffled by how Wall Street thinks about Apple,” Ben Bajarin writes for TIME Magazine.
“I do, however, have a theory. It’s called the reality distortion theory. The late Steve Jobs was said to have what was referred to as a reality distortion field, meaning that he sometimes had a view of things not always grounded in reality,” Bajarin writes. “My theory is that for the foreseeable future, there will always be a reality distortion field surrounding Apple. The only difference from then to now is that the so-called reality distortion field has moved outside out of Apple and now is alive and well with Wall Street analysts and the headline-seeking mainstream media.”
Bajarin writes, “Apple is the most profitable company, can’t make enough products to meet demand and is the most admired by its peers. Yet Wall Street and media fanatics are claiming Apple is doomed. The reality distortion field is in full effect.
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
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