Most admired Fortune's rundown of the most admired companies is out—and Apple tops the rankings for a stunning 13th year in a row. Meanwhile Microsoft is in the top five for the first time in 15 years, seizing the number-three spot. Who's off the All-Star list? Boeing, Facebook and Samsung Electronics. Fortune
Apple activism Apple's management again beat a shareholder proposal for the company to uphold freedom of expression globally and open up about how it handles Chinese requests for app restrictions. But while similar proposals previously garnered less than 10% shareholder approval, this time two-fifths of shareholders backed the ballot. Financial Times
Simple Math Fortune's Shawn Tully takes up the challenge of Apple, and finds that the stock has become so expensive that investors will be lucky to make plodding, mid-single-digit returns. "Apple was so appealing a few years ago because it was a slow-growth stalwart that was dirt cheap," he writes. "It’s still a slow-growth stalwart, but now it’s premium priced." Fortune
In a prolonged recession, people will go with cheaper Android alternatives. Apple makes a superior product in fit and finish. But technologically, the products are very generic which makes the products' price premiums less justifiable. Watch out for margin compression.
I agree. As you said technologically the products are very generic. The only thing these phones do that they think is some kind of break through technology is take pictures and hold some more data....yet every time apple puts out a phone they hype it as the biggest advantage in modern technology.