Seeking Alpha
  • Michael Fu
    $AAPL Apple's Gross Margin Explained: http://seekingalpha.com/a/my9l
    12/18/12
    Reply (3)
    • Zhang Fei: The problem with many AAPL investors is that they think AAPL has the only gold mine in the world and an inexhaustible mine at that.
      12/18/12
    • Zhang Fei: In reality, AAPL is in the consumer gadget business, a business that presents increasingly formidable challenges for early market leaders,
      12/18/12
    • Zhang Fei: and mass marketers develop workarounds for the hoi polloi, such that what was once gold is now dross, and competition is now mainly on price
      12/18/12