"the majority of those who trade stocks are still very emotional"
Not true. The major owners in Apple, as any major company on the stock market, are mutual funds and institutional holders with 72% of the stocks. Maybe the majority of the small time investors are emotional, I don't know, but that is a completely different thing since they can only affect the stock price so much.
Apple controls all part of the iPhone except the mobile data connectivity. Connectivity is expensive and everytime Apple wants to include mobile connectivity they must start negotiating with the mobile operators. In the end, how well AT&T are doing at managing their network affects what price tag Apple can put on the iPhone or iPad. With $40 bn in cash, would it make sense for Apple to buy a mobile operator?"
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