We seem to have offended the Apple (NYSE:AAPL) iPod and iPhone crowd with our disparaging remarks about the products yesterday. Only mild offence was intended, and it was directed more at the trend toward gadgetry, and not the people who use them. There are more ways to stay in touch these days with digital media. But people seem to be in touch more while saying a lot less.
One reader disagrees:
“The US technology companies will continue to do well in the long run.
“The sector will always face risks. Retail product shelf lives are short and sales sometimes fall below expectations.
“Profits from this form of intellectual property are as real as any other profits. They are anything but trivial, but they can come and go in an electronic flash.”
Another puts it this way:
“The point is that Apple produces a lot of product that is non vital. The iPhone is a luxury phone. The iPod is not something you need either.
“Further, most people who use Macs do not use them for real work (software development, or even graphic arts). Yes, most graphic art work is now done on a PC. Most people get their job done on a PC.
“The point being that Apple is a fluff company that produces stuff that we really do not need, and they target trendy yuppies who think they are sophisticated. Further, most people do not use Apple products to create wealth.
“To be blunt, the fact that people look to Apple as some sort of symbol of the US economy really shows us in another dimension what a bunch of consumer whores Americans are.
“And of course, most people buying Apple product are doing so on credit.
“I would much rather own a railroad stock than Apple.”
The Daily Reckoning Australia