I’ve joked that if Eddie Cue loved reading the way he clearly loves music, then iBooks, the iBookstore, and iBooks Author would be amazing. Not only aren’t they amazing, they aren’t even good.
Category: iBooks
Apple’s Services Business Is A Big Reason Why It Is A Value Trap, Not A Solution To Its Problems
Market expectations initially appear overly pessimistic, but AAPL has historically high ROA’, and across industries, reversion to peer median returns is a fundamental norm. As-reported accounting metrics make AAPL appear to have improving asset utilization, but actually the investment in the Services business has led to declining asset efficiency.