Sheer stupidity on a slow news day from Patrick Lucas Austin:
Over the past couple of years, Apple has made one thing abundantly clear: It’s trying to transform from a hardware company into a services company
No. That’s wrong. There is no transition in process. Apple is a hardware company that is adding more Services to extract more revenue and profits from its 1-billion plus customer base.
If Apple’s turning more into a services company, does it make sense for it to keep holding the kind of whiz-bang events that it’s popularized over the years?
Since Apple is not turning into more of a Services company– do the math– then the whiz-bang events will continue. There is no risk. There is no downside.
We like them.