Apple

[Grieve]

If Apple is the poster child for American innovation then we're fucked. I'm admit ably not an Apple fan BTW. I think they make over priced crap.

You're confusing them with the typical American (i.e. Chinese) product, which is to say under priced crap. Apple, on the other hand, make high quality products and charge accordingly. You can say it's overpriced, but the fact so many people are willing to pay up kind of makes that moot. And it's patently not crap.

Anyway, this is an investing forum, and you can't argue with the numbers. If you'd put $1000 in the S&P on Jan 1st 2001, you'd have $825 now, almost 9 years later. If you'd put it in Apple you'd have over $20,000. Losing money vs a 2000% return? They must be doing something right.

To quote Yahoo finance:

So, to recap: Apple sold more Macs and more iPhones than in any previous quarter in the company’s history. Before the holiday quarter. And in midst of the worst economy we’ve seen in 50 years.

http://finance.yahoo.com/tech-ticker/art...hones-Sold