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The Freep

04/10/05 9:28 AM

#378730 RE: marketmaven #378723

<Where would Apple stock be priced were it not for its iPod?>

Well, now, that's a real useful question, isn't it? Where would RIMM be if it weren't for their blackberry? Where would SBUX be if it weren't for their coffee?

I mean, why would you price Apple WITHOUT their iPod? The iPod's mere existence doesn't define an electronics bubble. Whether it defines a sustainable stock run up is different, of course, but the logic in there escapes me.