Marc Faber says Apple reminds him of Polaroid, and that we could see the company go completely belly-up, with CNBC’s Jackie DeAngelis and the Futures Now Traders.
Well, basically, this is the kind of stuff I’m really not interested in. This is the kind of Polaroid of 1970. Uh, Dr. Land, who was the founder of Polaroid, has more patents under his head than anyone else in the world and Polaroid went bust. And, we have many other examples of high tech companies that just faded away… I’m not saying [Apple Inc.] will go bust, I said it could go bust – eventually. Not tomorrow and not the day after tomorrow, but it’s basically a toy company for grownups. – Marc Faber, October 15, 2013
Direct link to video here.
MacDailyNews Take:
An optimist will tell you the glass is half-full; the pessimist, half-empty; and the engineer will tell you the glass is twice the size it needs to be. – Anonymous
[Thanks to MacDailyNews Reader “DW Bowers” for the heads up.]